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.
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Three Months
Ended
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Six Months
Ended
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June 29,
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June 30,
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June 29,
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June 30,
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2019
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2018
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2019
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2018
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Net sales
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$
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1,822
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$
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1,691
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$
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3,365
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$
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3,270
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Net earnings
attributable to Seaboard
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$
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58
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$
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7
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$
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115
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$
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39
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Earnings per common
share
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$
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50.13
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$
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6.28
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$
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98.92
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$
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33.03
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Average number of
shares outstanding
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1,165,740
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1,170,550
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1,166,575
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1,170,550
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Dividends declared
per common share
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$
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2.25
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$
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1.50
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$
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4.50
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$
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3.00
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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.
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content:http://www.prnewswire.com/news-releases/seaboard-corporation-reports-earnings-and-dividend-declaration-300894451.html
SOURCE Seaboard Corporation