Seaboard Corporation Report of Earnings and Dividend Declaration

News provided by

Mar 05, 2010, 05:12 ET

SHAWNEE MISSION, Kan., March 5 /PRNewswire-FirstCall/ -- The following is a report of earnings for Seaboard Corporation (AMEX symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and twelve months ended December 31, 2009 and December 31, 2008, in thousands of dollars except per share amounts.

    
    
                            Three Months Ended       Twelve Months Ended
                                December 31,             December 31,
                              2009        2008        2009         2008
                              ----        ----        ----         ----
    Net sales               $959,285   $1,142,494  $3,601,308   $4,267,804
                            --------   ----------  ----------   ----------
    Net earnings
     attributable
     to Seaboard             $12,875      $23,024     $92,482     $146,919
                            ========     ========    ========     ========
    Net earnings
     per common
     share                    $10.41     $  18.55      $74.74      $118.19
                            ========     ========    ========     ========
    Average number
     of shares
     outstanding           1,236,758    1,241,322   1,237,452    1,243,087
                           =========   ==========  ==========   ==========

Notes to Report of Earnings:

Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard has provided access to the Annual Report on Form 10-K on its website at http://www.seaboardcorp.com/investor-sec.aspx.

The Company today announced that the Board of Directors of the Company has declared a dividend of seventy-five cents ($0.75) per share on the common stock of the Company payable March 31, 2010 to stockholders of record at the close of business on March 19, 2010.

SOURCE Seaboard Corporation