Sanderson Farms, Inc. Announces Increase in Quarterly Dividend
Business Wire
Sep 24, 2009
Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of
Directors has declared a regular quarterly cash dividend of $0.15
(fifteen cents) per share payable October 20, 2009, to stockholders of
record on October 6, 2009. This represents a new annual dividend rate of
$0.60 (sixty cents) per share.
“The Board's decision to increase our regular quarterly dividend
reflects Sanderson Farms’ improved operating results as well as the
Company's solid financial position,” commented Joe F. Sanderson, Jr.,
chairman and chief executive officer of Sanderson Farms. “Our consistent
record of growth and solid execution of our operating strategy have
placed us in this position and we are pleased to have the opportunity to
reward our shareholders.”
Sanderson Farms, Inc. is engaged in the production, processing,
marketing and distribution of fresh and frozen chicken and other
prepared food items. Its shares trade on the NASDAQ Global Select Market
under the symbol SAFM.
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