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Sanderson Farms Raises Dividend 17%

By Caroline Bennett – Sep 19, 2013 at 4:25PM

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New amount will be payable Oct. 15.

Sanderson Farms (SAFM) is upping its quarterly dividend to $0.20 per share, up 17% from its most recent payout of $0.17, which the chicken processor and distributor had paid investors since October 2010. The increased dividend will be payable on Oct. 15 to shareholders of record as of Oct. 1.

On an annualized basis, Sanderson Farms' quarterly dividend adds to $0.80 per share of common stock. As of the market's close on Sept. 18, the company's stock was trading at $66.07. This means the company currently has a 1.2% dividend yield.

 

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Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool owns shares of Sanderson Farms. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Sanderson Farms
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