Sanderson Farms increases dividend

by Wally Northway

Published: September 25,2009

Tags: agriculture, manufacturing, publicly traded company

LAUREL — The board of directors of Sanderson Farms Inc. has declared a regular quarterly cash dividend of $0.15 per share payable Oct. 20, 2009, to stockholders of record on Oct. 6, 2009.

This represents a new annual dividend rate of $0.60 per share.

“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 CEO 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.”

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