Dean Foods Company (NYSE:DF) Announces $0.09 Quarterly Dividend

Dean Foods Company (NYSE:DF) declared a quarterly dividend on Wednesday, August 9th, RTT News reports. Stockholders of record on Monday, August 21st will be given a dividend of 0.09 per share on Wednesday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, August 17th.

Dean Foods has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dean Foods to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 38.3%.

Dean Foods (DF) traded up 3.24% during trading on Friday, reaching $11.79. 2,071,747 shares of the company were exchanged. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.33 and a beta of 0.54. The firm’s 50 day moving average price is $14.56 and its 200-day moving average price is $17.82. Dean Foods has a one year low of $11.19 and a one year high of $22.31.

Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.09. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Dean Foods’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Dean Foods will post $0.82 earnings per share for the current year.

Several equities research analysts have weighed in on the company. TheStreet cut Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. J P Morgan Chase & Co lowered Dean Foods from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $12.00 in a research report on Tuesday, August 8th. Vertical Research lowered Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reduced their price target on Dean Foods from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $14.00 target price (down from $18.00) on shares of Dean Foods in a research report on Wednesday, July 12th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.40.

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Dean Foods Company Profile

Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.

Dividend History for Dean Foods (NYSE:DF)

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