EX-99.1 2 ex99-1a.txt PRESS RELEASE OF SEABOARD CORPORATION-DECLARATION OF DIVIDENDS Exhibit 99.1 PRESS RELEASE REPORT OF EARNINGS AND DIVIDEND DECLARATION March 5, 2007 Shawnee Mission, Kansas The following is a report of earnings for Seaboard Corporation (AMEX symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and twelve months ended December 31, 2006 and 2005, in thousands of dollars except per share amounts. Three Months Ended Twelve Months Ended December 31, December 31, 2006 2005 2006 2005 Net sales $ 704,505 $ 601,826 $2,707,397 $2,688,894 Net earnings $ 76,770 $ 82,811 $ 258,689 $ 266,662 Earnings per common share Basic $ 60.86 $ 65.65 $ 205.09 $ 212.20 Diluted $ 60.86 $ 65.65 $ 205.09 $ 211.94 Weighted average shares outstanding Basic 1,261,367 1,261,367 1,261,367 1,256,645 Diluted 1,261,367 1,261,367 1,261,367 1,258,202 Notes to Report of Earnings: Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard has provided access to the Annual Report on Form 10-K on its website at www.seaboardcorp.com/news . The Company today announced that the Board of Directors of the Company has declared a dividend of seventy-five cents ($0.75) per share on the common stock of the Company payable March 30, 2007 to stockholders of record at the close of business on March 20, 2007.