Published April 27, 2016 4:25pm EDT | Updated April 27, 2016 5:04pm EDT

Pilgrim's Pride Announces Special Dividend Of $2.75 a Share

Poultry producer Pilgrim's Pride Corp. said Wednesday its board of directors has approved a special cash dividend of $2.75 a share payable on May 18 to shareholders of record on May 10. The decision is "a reflection of the successes" the company has had over the past five years, Pilgrim's Pride said. Shares of Pilgrim's Pride rose 3.2% in late trading after ending the regular trading session down 0.5%.