LAUREL, Miss. – The board of directors at Sanderson Farms Inc. approved a quarterly dividend of 22 cents per share. The dividend is payable on May 24 to shareholders of record on May 10.
In the most recent quarter, Sanderson reported net income of $10.7 million, or 47 cents per share, compared with $66.5 million, or $2.87 per share in the first quarter of 2015. Net sales were $605.2 million compared to $667.4 million a year ago.