Cal-Maine Foods, Inc. Will Commence New Dividend Policy for Third Quarter of Fiscal...

Cal-Maine Foods, Inc. Will Commence New Dividend Policy for Third Quarter of Fiscal 2008

JACKSON, Miss.--(Business Wire)--
Cal-Maine Foods, Inc. (NASDAQ: CALM) announced today that it will
commence payment of the Company's new variable rate dividend policy
for the third quarter of fiscal 2008. Pursuant to this new policy, the
amount of the quarterly dividend is computed in accordance with
generally accepted accounting principles in an amount equal to
one-third (1/3) of the Company's quarterly income. For the third
quarter of fiscal 2008, which ended March 1, 2008, Cal-Maine will pay
a cash dividend of approximately $.807 per share to holders of its
common stock. In addition, a cash dividend of $.767 per share will be
paid to holders of its Class A common stock, which represents
95 percent of the amount paid to holders of common stock. This amount
could vary slightly based on the amount of outstanding shares on the
record date. The dividend is payable May 15, 2008, to shareholders of
record on April 30, 2008.

Commenting on the announcement, Fred Adams, Jr., chairman and
chief executive officer of Cal-Maine Foods, Inc., said, "Cal-Maine
delivered a very solid performance in the third quarter of fiscal
2008, with net income of $57.2 million, or $2.41 per basic share.
These results reflect record high egg prices and very favorable market
conditions in the egg industry. As we commence our new variable rate
dividend policy this quarter, we are pleased that our strong
performance has provided this opportunity to reward our shareholders.
At the same time, we are well positioned to continue to pursue our
growth strategy. We believe this new dividend policy is in the best
interest of the Company and its shareholders."

Cal-Maine Foods, Inc. is primarily engaged in the production,
grading, packing and sale of fresh shell eggs. The Company, which is
headquartered in Jackson, Mississippi, currently is the largest
producer and distributor of fresh shell eggs in the United States and
sells the majority of its shell eggs in approximately 29 states across
the southwestern, southeastern, mid-western and mid-Atlantic regions
of the United States.

Statements contained in this press release that are not historical
facts are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties (contained in the
Company's SEC filings) that could cause actual results to differ
materially from those projected. SEC filings may be obtained from the
SEC or by contacting the Company.

Cal-Maine Foods, Inc.
Fred Adams, Jr., 601-948-6813
Chairman and CEO

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