Pilgrim’s Announces $1.5 Billion Special Dividend and Long-term Capital Allocation Strategy

Pilgrim's Pride Corporation (PPC)
Last pilgrim's pride corporation earnings: 4/29 05:12 pm
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US:NYSE Investor Relations:
ir.pilgrims.com/investor-relations
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Source: GlobeNewswire
GREELEY, Colo., March 14, 2025 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world’s leading food companies, today announced a capital deployment strategy in support of its ongoing efforts to improve its capital structure, enhance its diversified portfolio, stimulate brand growth and generate shareholder value. As a part of the strategy, the company’s board of directors has approved the declaration of a special cash dividend of $6.30 per share. The total amount of the special dividend payment will be approximately $1.5 billion, based on the current number of shares outstanding. The special cash dividend is payable on April 17, 2025, to stockholders of record on April 3, 2025. “Pilgrim’s is confident in the future of
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News
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- Pilgrim's Pride Co. (NASDAQ: PPC) had its price target raised by analysts at BMO Capital Markets from $47.00 to $48.00. They now have a "market perform" rating on the stock.MarketBeat
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PPC
Earnings
- 2/12/25 - Beat
PPC
Sec Filings
- 3/26/25 - Form 4
- 3/26/25 - Form 4
- 3/20/25 - Form 4
- PPC's page on the SEC website