Seaboard Corporation Reports Earnings And Dividend Declaration

MERRIAM, Kan., July 31, 2019 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB) with offices at 9000 West 67th Street, Merriam, Kansas, for the three and six months ended June 29, 2019 and June 30, 2018, in millions of dollars except share and per share amounts.































Three Months Ended


Six Months Ended




June 29,


June 30,


June 29,


June 30,




2019


2018


2019


2018


Net sales


$

1,822


$

1,691


$

3,365


$

3,270


Net earnings attributable to Seaboard


$

58


$

7


$

115


$

39
















Earnings per common share


$

50.13


$

6.28


$

98.92


$

33.03


Average number of shares outstanding



1,165,740



1,170,550



1,166,575



1,170,550


Dividends declared per common share


$

2.25


$

1.50


$

4.50


$

3.00


Notes to Report of Earnings:

For the three and six months ended June 29, 2019, net earnings attributable to Seaboard included other investment income of $37 million and $150 million, respectively. For the three and six months ended June 30, 2018, net earnings attributable to Seaboard included other investment income of $12 million and other investment loss of $25 million, respectively. Included in other investment income for the three and six months ended June 29, 2019 was $38 million and $126 million, respectively, of non-cash, unrealized mark-to-market gains on short-term investments.

Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $2.25 per share of its common stock. The dividend is payable on August 22, 2019 to stockholders of record at the close of business on August 12, 2019.

Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard has provided access to the Quarterly Report on Form 10-Q on its website at https://www.seaboardcorp.com/investors.

Cision View original content:http://www.prnewswire.com/news-releases/seaboard-corporation-reports-earnings-and-dividend-declaration-300894451.html

SOURCE Seaboard Corporation

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.