Pilgrim's Pride Sets $1.5 Billion Special Dividend

Dow Jones03-14

By Colin Kellaher

Pilgrim's Pride is returning about $1.5 billion to its shareholders through a special dividend.

Pilgrim's Pride on Friday said its board declared a special dividend of $6.30, payable April 17 to shareholders of record April 3.

The Greeley, Colo., chicken company, which doesn't pay a regular dividend, said the special payout reflects a strong balance sheet and its commitment to create long-term shareholder value.

The bulk of the special dividend will go to Brazilian meatpacker JBS, which owns more than 80% of Pilgrim's Pride.

Shares of Pilgrim's Pride were recently up 4.3% to $52.41 in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 14, 2025 06:22 ET (10:22 GMT)

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