Premium Standard Farms, Inc. Declares Quarterly Dividend
11 March 2006 - 7:00AM
PR Newswire (US)
KANSAS CITY, Mo., March 10 /PRNewswire-FirstCall/ -- Premium
Standard Farms, Inc. (NASDAQ:PORK) announced today that its Board
of Directors declared a quarterly dividend of $0.06 per share,
which will be paid on April 24, 2006, to all common stockholders of
record as of March 24, 2006. This dividend has been declared
pursuant to the Board's stated policy to pay quarterly dividends
after assessing Premium Standard Farms, Inc.'s (PSF) earnings,
liquidity needs, debt arrangements and other factors the Board of
Directors deems relevant. PSF is one of the largest vertically
integrated providers of pork products in the United States,
producing consistent, high quality pork products for the retail,
wholesale, foodservice, export, and further processor markets. PSF
is the nation's second largest pork producer and sixth largest pork
processor, with approximately 4,100 employees working at farms and
processing facilities in Missouri, North Carolina, and Texas. This
news release may contain "forward-looking statements" within the
meaning of the federal securities laws. Naturally, all
forward-looking statements involve risk and uncertainty and actual
results or events could be materially different. Although we
believe that our expectations are based on reasonable assumptions,
we can give no assurance that our goals will be achieved. Important
factors that could cause actual results to differ include: economic
conditions generally and in our principal markets; economic
conditions in competing proteins; competitive practices and
consolidation in the pork production and processing industries; the
impact of current and future laws, government regulations and
fiscal policies affecting our industry and operations, including
environmental laws and regulations, trade embargoes and tariffs;
domestic and international transportation disruptions; food safety;
the availability of additional capital to fund future commitments
and expansion and the cost and terms of financing; outbreaks of
disease in our herds; feed ingredient costs; fluctuations in live
hog and wholesale pork prices; customer demands and preferences;
and the occurrence of natural disasters and other occurrences
beyond our control. In light of these risks, uncertainties and
assumptions, the forward-looking events discussed might not occur.
DATASOURCE: Premium Standard Farms, Inc. CONTACT: Steve Lightstone
of Premium Standard Farms, +1-816-472-7675 Web site:
http://www.psfarms.com/
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