EX-99.1 2 ex99-1.txt PRESS RELEASE AND DIVIDEND DECLARATION OF SEABOARD CORPORATION Exhibit 99.1 PRESS RELEASE REPORT OF EARNINGS AND DIVIDEND DECLARATION March 5, 2010 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, 2009 and December 31, 2008, in thousands of dollars except per share amounts. Three Months Ended Twelve Months Ended December 31, December 31, 2009 2008 2009 2008 Net sales $ 959,285 $1,142,494 $3,601,308 $4,267,804 Net earnings attributable to Seaboard $ 12,875 $ 23,024 $ 92,482 $ 146,919 Net earnings per common share $ 10.41 $ 18.55 $ 74.74 $ 118.19 Average number of shares outstanding 1,236,758 1,241,322 1,237,452 1,243,087 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 http://www.seaboardcorp.com/investor-sec.aspx. 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 31, 2010 to stockholders of record at the close of business on March 19, 2010.