Cal-Maine Foods, Inc.
CALMConsumer Defensive · Stock · quarterly payer
Forward Yield
5.43%
Annual Dividend
$4.80
Payout Ratio
55%
5-Yr Growth
—
Ex-Date
Apr 29, 2026
Frequency
Quarterly
Summary
As of July 2026, Cal-Maine Foods, Inc. (CALM) yields 5.43% ($4.80 per share annually), with a blended fair-value estimate of $172.71 — +95% upside, so it screens as undervalued. Dividend safety grade: D (37/100). 4 years of dividend growth.
Is CALM a good dividend stock?
Higher riskCal-Maine Foods, Inc. (CALM) pays a quarterly dividend yielding 5.43% ($4.80/yr), with 4 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
- Comfortable payout ratio (55%)
- 145% total price return over 5 years
Risks
- Cut its dividend in 2023
- Below-average dividend safety score
Key Data
- Dividend Yield
- 5.43%
- Payout Ratio
- 55%
- Annual Dividend
- $4.80
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Apr 29, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.23
- Market Cap
- $4.2B
- P/E Ratio
- 6.2
- 5-Yr Total Return
- 145%
- 52-Week Range
- $71.92 – $126.40
- Dividend Safety
- D · 37/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CALM Price — Last 12 Months
Daily close
Price Return
1 Year
-23%
3 Years
+85%
5 Years
+145%
52-Week Range
$71.92 – $126.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CALM worth?
Undervaluedlow confidenceOur blended fair-value estimate for Cal-Maine Foods, Inc. is $172.71 per share, versus a market price of $88.55. That implies 95% of upside — a margin of safety of about 49%.
Fair Value
$172.71
Current Price
$88.55
Upside
+95%
Margin of Safety
49%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $14.37 EPS, $4.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CALM Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 29, 2026 | — | $0.3550 | regular |
| Jan 28, 2026 | — | $0.7190 | regular |
| Oct 29, 2025 | — | $1.3710 | regular |
| Aug 4, 2025 | — | $2.3540 | regular |
| Apr 30, 2025 | — | $3.4560 | regular |
| Jan 29, 2025 | — | $1.4890 | regular |
| Oct 30, 2024 | — | $1.0190 | regular |
| Aug 5, 2024 | — | $0.7700 | regular |
| Apr 30, 2024 | — | $0.9970 | regular |
| Jan 30, 2024 | — | $0.1160 | regular |
| Oct 31, 2023 | — | $0.0060 | regular |
| Aug 4, 2023 | — | $0.7550 | regular |
| Apr 25, 2023 | — | $2.1990 | regular |
| Jan 24, 2023 | — | $1.3510 | regular |
Income Calculator
At $4.80 / yr per share
