MERRIAM, Kan., April 30, 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 months ended
March 30, 2019 and March 31, 2018, in millions
of dollars except share and per share amounts.
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|
Three Months
Ended
|
|
|
|
March 30,
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March 31,
|
|
|
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2019
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|
2018
|
|
|
Net sales
|
|
$
|
1,543
|
|
$
|
1,579
|
|
|
Net earnings
attributable to Seaboard
|
|
$
|
57
|
|
$
|
32
|
|
|
|
|
|
|
|
|
|
|
Earnings per common
share
|
|
$
|
48.79
|
|
$
|
26.75
|
|
|
Average number of
shares outstanding
|
|
|
1,167,430
|
|
|
1,170,550
|
|
|
Dividends declared
per common share
|
|
$
|
2.25
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|
$
|
1.50
|
|
Notes to Report of Earnings:
For the three months ended March 30,
2019 and March 31, 2018, net
earnings attributable to Seaboard included other investment income
of $113 million and other investment
loss of $37 million, respectively.
Included in other investment income for the three months ended
March 30, 2019 was $104 million 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
May 21, 2019 to stockholders of
record at the close of business on May 10,
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.
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SOURCE Seaboard Corporation