Seaboard Corporation Report Of Earnings And Dividend Declaration
02/16/2021 - 06:27 PM
MERRIAM, Kan. , Feb. 16, 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 and twelve months ended December 31, 2020 and December 31, 2019, in millions of dollars except share and per share amounts.
Three Months Ended
Twelve Months Ended
ADJUSTED
ADJUSTED
December 31,
December 31,
December 31,
December 31,
2020
2019
2020
2019
Net sales
$
1,990
$
1,812
$
7,126
$
6,840
Net earnings attributable to Seaboard
$
259
$
173
$
283
$
287
Earnings per common share
$
222.52
$
148.75
$
244.21
$
246.62
Average number of shares outstanding
1,160,779
1,164,848
1,161,526
1,165,758
Dividends declared per common share
$
2.25
$
2.25
$
9.00
$
9.00
Notes to Report of Earnings:
Prior period financial information included in this Current Report on Form 8-K has been adjusted for the effect of a change in method in accounting for inventory in the Pork segment. During the fourth quarter of 2020, Seaboard elected to change its method for valuing hogs, fresh pork and other inventories from the last-in, first-out ("LIFO") method to the first-in, first-out ("FIFO") method.
Capital market volatility on short-term investments has an impact on Seaboard's earnings. For the three and twelve months ended December 31, 2020, net earnings attributable to Seaboard Corporation included other investment income of $125 million and $84 million , respectively. For the three and twelve months ended December 31, 2019, net earnings attributable to Seaboard Corporation included other investment income of $73 million and $225 million , 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 March 8, 2021 to stockholders of record at the close of business on February 26, 2021 .
Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Annual Report on Form 10-K on its website at https://www.seaboardcorp.com/investors .
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SOURCE Seaboard Corporation
SEB Rankings
#2374 Ranked by Stock Gains
SEB Stock Data
Industry
Dog and Cat Food Manufacturing
Sector
Manufacturing
Tags
Consumer Non-Durables, Food: Meat/Fish/Dairy, Manufacturing, Dog and Cat Food Manufacturing
Country
US
City
Shawnee Mission
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