Tyson Foods (TSN) will raise its quarterly dividend by 6 percent to $0.445 per share in 2020. This follows a 12.0 percent dividend hike by the food company last year.
The next dividend will be paid on December 15, 2020 to shareholders of record on December 1, 2020. A new annual rate of $1.78 per share yields 2.9% at a stock price of $63.
Tyson Foods Inc. is one of the world’s largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do.