Key Developments For Sanderson Farms Inc
Sanderson Farms Inc (SAFM.O) (Nasdaq)
Sanderson Farms, Inc. Expands Stock Repurchase Program To 1,000,000 Shares
Sanderson Farms, Inc. announced that its Board of Directors expanded its stock repurchase program to one million shares. The Company's Board of Directors previously authorized the repurchase of up to 225,000 shares in April 2008. Under the stock repurchase program, shares may be purchased from time to time at prevailing prices in open market transactions or in negotiated purchases, subject to market conditions, share price and other considerations.
Sanderson Farms, Inc. Announces Increase In Quarterly Dividend
Sanderson Farms, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share payable October 20, 2009, to stockholders of record on October 6, 2009. This represents a new annual dividend rate of $0.60 per share.
Sanderson Farms, Inc. Declares Quarterly Dividend; To Construct New Feed Mill
Sanderson Farms, Inc. announced that it has declared a regular quarterly cash dividend of $0.14 per share payable August 18, 2009 to shareholders of record on August 4, 2009. The Company also announced that it will invest $126.5 million for construction of a new feed mill, poultry processing plant and hatchery on separate sites in Kinston and Lenoir County, North Carolina.
Sanderson Farms, Inc. Announces Quarterly Dividend
Sanderson Farms, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.14 per share payable May 19, 2009, to stockholders of record on May 5, 2009.
Sanderson Farms, Inc. To Appeal Russian Ban Of Chicken Plant-Reuters
Reuters reported that Sanderson Farms, Inc. said that it will appeal Russia's recent ban on chicken from its Hammond. Louisiana, chicken plant because the Company was not using the drugs that prompted the ban. Russian officials claimed they found residue of the antibiotic oxytetracycline and another drug nicarbazine in the meat.
