Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Free Report) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Investors of record on Monday, August 5th will be given a dividend of 0.77 per share by the basic materials company on Tuesday, August 20th. This represents a $3.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Monday, August 5th.
Cal-Maine Foods has a dividend payout ratio of 150.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Cal-Maine Foods Stock Performance
NASDAQ:CALM opened at $66.86 on Thursday. Cal-Maine Foods has a 52 week low of $42.25 and a 52 week high of $69.44. The firm has a 50-day moving average price of $61.03 and a two-hundred day moving average price of $58.90. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 11.85 and a beta of -0.10.
Analyst Ratings Changes
A number of research firms recently issued reports on CALM. The Goldman Sachs Group raised their price objective on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a report on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.
View Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Company Profile
Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.
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