Tyson Foods Announces Effective November 10, 2023, The Board Of Directors Increased The Quarterly Dividend Previously Declared On August 10, 2023, From $0.48 To $0.49
Portfolio Pulse from Benzinga Newsdesk
Tyson Foods has increased its quarterly dividend from $0.48 to $0.49 per share for Class A common stock and from $0.441 for Class B, effective November 10, 2023. The increased dividend is payable on December 15, 2023, and March 15, 2024, to shareholders of record on December 1, 2023, and March 1, 2024, respectively. The company anticipates maintaining this dividend rate for the remaining quarters of fiscal 2024, resulting in a 2% increase in the annual dividend rate compared to fiscal 2023.
November 13, 2023 | 3:21 pm
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Tyson Foods has announced an increase in its quarterly dividend, which is likely to be viewed positively by investors and could lead to a short-term uptick in the stock price.
Dividend increases are typically seen as a sign of a company's financial health and commitment to returning value to shareholders. This can often result in a positive reaction in the stock market as it may attract income-focused investors and signal confidence in the company's future earnings.
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