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Pilgrim’s announces $1.5 bn special dividend & long-term capital allocation strategy
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Monday, 24 March, 2025, 15 : 00 PM [IST]
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Colorado, USA
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Pilgrim’s Pride Corporation, one of the world’s leading food companies, announced a capital deployment strategy in support of its ongoing efforts to improve its capital structure, enhance its diversified portfolio, stimulate brand growth and generate shareholder value. As a part of the strategy, the company’s board of directors has approved the declaration of a special cash dividend of $6.30 per share. The total amount of the special dividend payment will be approximately $1.5 billion, based on the current number of shares outstanding. The special cash dividend is payable on April 17, 2025, to stockholders of record on April 3, 2025.
Fabio Sandri, CEO of Pilgrim’s, said, “Pilgrim’s is confident in the future of our business and we believe our capital allocation strategy positions the company for continued, disciplined growth and enhanced earnings potential across our diversified portfolio. The Board’s decision to pay a special dividend reflects our strong balance sheet and our commitment to create long-term stockholder value. The announcement is a testament to our team’s ability to execute our key customer strategy, unlock value through differentiated offerings, and relentlessly pursue quality and service.”
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