Sanderson Farms announces quarterly dividend increase
September 25, 2009
by Bryan Salvage
LAUREL, MISS. — Sanderson Farms Inc.’s Board of Directors has declared a regular quarterly cash dividend of $0.15 per share payable Oct. 20, to stockholders of record on October 6. This represents a new annual dividend rate of $0.60 per share, the company relayed.
"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," said 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."