SHAWNEE MISSION, Kan.
Dec. 6, 2010
/PRNewswire-FirstCall/ -- Seaboard Corporation (NYSE Amex: SEB) with offices at 9000 West 67th Street,
Shawnee Mission, Kansas
66202, today announced that the Board of Directors of the Corporation has declared a dividend of
per share on the common stock of the Corporation, payable
December 31, 2010
to stockholders of record at the close of business on
December 20, 2010
. The increased amount of the dividend (which has historically been
per share on a quarterly basis or
per share on an annual basis) represents payment of the regular fourth quarter dividend of
per share and a special dividend of
per share, equaling the anticipated annual 2011 and 2012 dividends (
per share per year). This increased dividend is being made to ensure that the taxes shareholders will pay based on the receipt of the dividend is taxed at the currently favorable 2010 tax rate on dividends. The Corporation does not intend to declare any further dividends for the years 2011 and 2012.
SOURCE Seaboard Corporation