Cal-Maine Foods Announces $2.35 Quarterly Dividend, Decrease of 32.8%

Cal-Maine Foods has declared a quarterly dividend of $2.35 per share, a 32.8% decrease from the previous dividend of $3.50. The forward yield is 8.98%. The dividend will be payable on August 19, with a record date of August 4 and an ex-dividend date of August 4. The company's dividend policy allows for variable dividends to be paid each quarter.

Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced a quarterly dividend of $2.35 per share, a significant decrease of 32.8% from the previous dividend of $3.50. The forward yield stands at 8.98%, payable on August 19, 2025, with a record date of August 4 and an ex-dividend date of August 4. The company's dividend policy allows for variable dividends to be paid each quarter.

The reduction in the dividend is a result of the company's strategic focus on organic growth and adding production capacity through acquisitions. Despite the decrease, the dividend remains attractive to investors given the company's strong financial performance and forward yield.

Cal-Maine Foods has been actively expanding its production capacity to meet increased demand for eggs and egg products. The company reported a 9.0% increase in total shell eggs sold during the fourth quarter of fiscal 2025 compared to the same period last year, driven by higher market prices and increased volumes sold. The net average selling price per dozen was $3.305, compared to $2.133 for the fourth quarter of fiscal 2024.

The company also announced the acquisition of Echo Lake Foods, a producer and marketer of quality prepared foods, which aligns with its strategy to diversify its product portfolio. The acquisition is expected to provide new market opportunities and enhance the company's prepared foods offerings.

References:
[1] https://www.marketscreener.com/news/cal-maine-foods-reports-financial-and-operational-results-for-fourth-quarter-and-fiscal-2025-ce7c5cdddd80f026