020755 Pilgrim's Pride Announces Quarterly Dividend

Pittsburg, TX - The Board of Directors of Pilgrim's Pride Corporation declared a quarterly dividend of 1 1/2 cents per share on both its Class A and Class B common stock. The quarterly dividend is payable on September 27, 2002 to shareholders of record at the close of business on September 6, 2002.

Pilgrim's Pride Corporation is the second largest poultry producer in the United States; the third largest in chicken and fifth largest in turkey, and second largest chicken company in Mexico. Pilgrim's Pride employs more than 24,500 persons and operates processing and further processing plants, distribution centers, hatcheries and feed mills in Texas, Arkansas, Arizona, North Carolina, Pennsylvania, Virginia and West Virginia and Mexico.

Products are sold under the "Pilgrim's Pride®" and "Wampler Foods®" labels to foodservice, retail and frozen entree customers. The Company's primary distribution is through retailers and restaurants throughout the United States and in the Northern and Central regions of Mexico and to the foodservice industry nation-wide in both countries.

SOURCE: Pilgrim's Pride Corporation

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