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Seaboard Corporation Report of Earnings and Dividend Declaration

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MERRIAM, Kan., May 4, 2021 /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 months ended April 3, 2021 and March 28, 2020, in millions of dollars except share and per share amounts.











Three Months Ended




April 3,


March 28,




2021


2020


Net sales


$

2,059


$

1,683


Net earnings (loss) attributable to Seaboard


$

179


$

(103)










Earnings (loss) per common share


$

154.03


$

(88.73)


Average number of shares outstanding



1,160,779



1,163,888


Dividends declared per common share


$

2.25


$

2.25


Notes to Report of Earnings:

Capital market volatility on short-term investments has an impact on Seaboard's earnings. For the three months ended April 3, 2021 and March 28, 2020, net earnings (loss) attributable to Seaboard Corporation included other investment income (loss) of $71 million and ($225) million, respectively. The unrealized gains (losses) related to these short–term investments was $65 million and ($236) million for the three months ended April 3, 2021 and March 28, 2020, respectively.

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 May 24, 2021 to stockholders of record at the close of business on May 14, 2021.

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

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SOURCE Seaboard Corporation

Seaboard Corp.

NYSE:SEB

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About SEB

seaboard corporation is a unique company with a rich history dating back more than 90 years. although the company has evolved over time through acquisitions, partnerships and internal growth, its roots are in grain and agriculturally derived products. common to all our endeavors, we strive to distinguish ourselves in the industries we select. seaboard corporation is a diverse global agribusiness and transportation company. in the united states, seaboard is primarily engaged in pork production and processing and ocean transportation. overseas, seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electric power generation. seaboard also has an interest in turkey operations in the united states. seaboard corporation directly or indirectly employs more than 25,000 people worldwide. we are #417 on the 2015 fortune 500 list with net sales of approximately $6.5 billion annually. seaboard is traded on the nyse alternext exchange under the symbo