Attached files
Exhibit 99.2
PRESS RELEASE
DECLARATION OF DIVIDEND
December 6, 2010
Shawnee Mission, Kansas
Seaboard Corporation (NYSE Amex symbol: SEB) with offices at 9000 West 67th
Street, Shawnee Mission, Kansas 66202, today announced that the Board of
Directors of the Corporation has declared a dividend of Six Dollars and
Seventy-Five Cents ($6.75) per share on the common stock of the
Corporation, payable December 31, 2010 to stockholders of record at the
close of business on December 20, 2010. The increased amount of the
dividend (which has historically been $0.75 per share on a quarterly basis
or $3.00 per share on an annual basis) represents payment of the regular
fourth quarter dividend of $0.75 per share and a special dividend of $6.00
per share, equaling the anticipated annual 2011 and 2012 dividends ($3.00
per share per year). This increased dividend is being made to ensure that
the taxes shareholders will pay based on the receipt of the dividend is
taxed at the currently favorable 2010 tax rate on dividends. The
Corporation does not intend to declare any further dividends for the years
2011 and 2012.