Correction: Pilgrim's Pride upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Pilgrim's Price to Overweight from Equal Weight based on expectations for improved U.S. and Mexican business profitability. Price target raised to $9 from $5.50.
Pilgrim's Pride declares $5.77 per share special dividend Pilgrim's Pride Corporation announced that as part of its strategy of improving its capital structure and generating shareholder value, its board has approved the declaration of a special cash dividend of $5.77 per share. The total amount of the special dividend payment will be approximately $1.5B based on the current number of shares outstanding. The special cash dividend is payable on February 17 to stockholders of record on January 30.