The board of directors of Sanderson Farms, Inc., a US-based integrated poultry processing company, has declared a regular quarterly cash dividend of US$0.22 per share. This represents a new annual dividend rate of US$0.88 per share.

The board hasalso authorized a special cash dividend payment of US$0.50 per share. Both the regular quarterly cash dividend and the special cash dividend are payable on October 14, 2014, to stockholders of record onSeptember 30, 2014.

Payment of the regular quarterly cash dividend will remain subject to board approval each quarter.

Joe F. Sanderson, Jr., Sanderson Farms chairman and chief executive officer, said "these dividend payments reflect Sanderson Farms' solid operating performance, our strong financial position, and our confidence in the future."

TheNasdaq-listed company, he added, was"pleased to provide these additional opportunities to reward our shareholders," adding thatit "will continue to maintain a strong balance sheet that supports our business and provides the flexibility to pursue our growth strategy."

Sanderson Farmsis engaged in the production, processing, marketing and distribution of fresh and frozen chicken and other prepared food items.