Cal-Maine Foods, Inc.
CALMConsumer Defensive · Stock · quarterly payer
Forward Yield
6.09%
Annual Dividend
$4.80
Payout Ratio
72%
5-Yr Growth
—
Ex-Date
Apr 29, 2026
Frequency
Quarterly
Summary
As of September 2026, Cal-Maine Foods, Inc. (CALM) yields 6.09% ($4.80 per share annually), with a blended fair-value estimate of $136.78 — +71% upside, so it screens as undervalued. Dividend safety grade: F (33/100). 4 years of dividend growth.
Is CALM a good dividend stock?
Higher riskCal-Maine Foods, Inc. (CALM) pays a quarterly dividend yielding 6.09% ($4.80/yr), with 4 years of growth and a dividend-safety grade of F. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
- 122% total price return over 5 years
Risks
- Cut its dividend in 2023
- Below-average dividend safety score
Key Data
- Dividend Yield
- 6.09%
- Payout Ratio
- 72%
- 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
- $3.6B
- P/E Ratio
- 11.9
- 5-Yr Total Return
- 122%
- 52-Week Range
- $71.92 – $116.58
- Dividend Safety
- F · 33/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CALM Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
+66%
5 Years
+122%
52-Week Range
$71.92 – $116.58
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 $136.78 per share, versus a market price of $80.21. That implies 71% of upside — a margin of safety of about 41%.
Fair Value
$136.78
Current Price
$80.21
Upside
+71%
Margin of Safety
41%
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, $6.67 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
Unsafe
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
