Pilgrim’s Pride (PPC) declared a special cash dividend of $2.75 per share

The company declared a special cash dividend of $2.75 per share to improve its capital structure and generate shareholder value. The total value of the special dividend will be ~$700 million, based on current shares outstanding. The special cash dividend will be paid on May 18, 2016, to shareholders of record at the close of business on May 10, 2016.