Sanderson Farms, Inc. (NASDAQ:SAFM) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.22 (twenty-two cents) per share. The Board has also authorized a special cash dividend payment of $0.50 (fifty cents) per share. Both the regular quarterly cash dividend and the special cash dividend are payable on Oct. 13, 2015, to stockholders of record on Sept. 29. Payment of the regular quarterly cash dividend will remain subject to Board approval each quarter.
Commenting on the announcement, Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc., said, "We are pleased with the Board's decision to approve these dividend payments and proud to share our financial success with our shareholders. Our solid operating performance and strong balance sheet have provided the opportunity to pay another special dividend for fiscal 2015. This action demonstrates our confidence in Sanderson Farms' growth opportunities and reinforces our commitment to create value for our shareholders."