LAUREL, Miss.--(BUSINESS WIRE)---- $SAFM--Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.44 (forty-four cents) per share payable August 17, 2021, to stockholders of record on August 3, 2021. Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM.
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Phemelo Motene, who joined SAfm as an anchor on SAfm Life Happens in 2019, has announced her resignation.
Pandemic-induced shortages causing a ripple effect throughout the chicken industry Related Stocks: SAFM , TSN , PPC , WING , PZZA ,
Sanderson Farms Inc. (NASDAQ: SAFM ), the nations third-largest poultry producer, is reportedly considering putting itself up for sale. Fowl Play: According to a Wall Street Journal report citing unnamed people familiar with the matter, the Laurel, Mississippi-based company is consulting with New York City financial planner Centerview Partners on a potential sale, with agricultural investment firm Continental Grain Co. identified as a potential suitor. The Journals coverage added that the talks may not result in a sale, although the report also speculated that a deal with Continental could result in combining Sanderson with Georgia-based Wayne Farms LLC , a poultry producer owned by Continental, that would result in a new entity producing roughly 15% of the countrys chicken meat. Sanderson rejected an unsolicited takeover bid from Durational Capital Management in October 2020, stating the offer was too low. See Full story available on Benzinga.com
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The poultry giant is "in play," as Wall Street likes to sayor at least that''s the hope, according to people in the know.
The companys stock was up more than 10% in early trading amid reports it was being courted by a potential buyer.
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The stocks making the biggest moves in premarket trading include GameStop, MicroVision, Sanderson Farms, and more.
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