Cal-Maine Foods hikes dividend by 46.2%
Cal-Maine Foods, Inc. (CALM) has declared a cash dividend of $1.49 per share for the second quarter of fiscal year 2025. This dividend applies to holders of both Common Stock and Class A Common Stock.
In 2024 Cal-Maine announced the biggest dividend hike of all US listed companies with a 16,883% increase. At a current stock price of $103.68 the dividend yield for CALM is 2.8%.
Key Details of the Dividend:
- Amount: Approximately $1.49 per share
- Record Date: January 29, 2025
- Payment Date: February 13, 2025
Cal-Maine’s Variable Dividend Policy:
Under the company’s variable dividend policy:
- For each quarter in which the company reports net income, a cash dividend is paid equal to one-third of that quarterly income.
- If the company does not report net income for a quarter, no dividend is paid for that quarter or for subsequent profitable quarters until the company is profitable on a cumulative basis from the last dividend-paid quarter.
The exact per-share dividend amount may vary depending on the number of outstanding shares as of the record date.
Cal-Maine Foods is one of the largest producers and distributors of fresh shell eggs in the United States. This latest dividend reflects the company's ongoing commitment to its shareholders and adherence to its variable dividend policy.
