GREELEY, Colo. — Pilgrim's Pride Corp. has announced that as part of its strategy of improving its capital structure and generating shareholder value, its board of directors 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 $1.5 billion based on the current number of shares outstanding. The special cash dividend is payable on Feb. 17, 2015, to stockholders of record on Jan. 30, 2015.
"Three years ago our company initiated a strategy to create shareholder value and improve capital structure by partnering with. . .
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