Smithfield Foods Initiates Quarterly Dividend With 25-Cent Payout

Dow Jones2025-03-25

By Colin Kellaher

Smithfield Foods, the largest U.S. pork producer, on Tuesday said its board declared an initial quarterly dividend of 25 cents.

The payout, equal to $1 a year, represents an annual yield of about 5.1% based on Monday's closing price of $19.60.

The Smithfield, Va., company, which returned to the public markets in January after being taken private by China's WH Group in 2013, said the dividend is payable April 22 to shareholders of record April 10.

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

(END) Dow Jones Newswires

March 25, 2025 05:56 ET (09:56 GMT)

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