On August 2, 2000, the Board of Directors of Pilgrim's Pride Corporation (NYSE: CHX, CHX.A) declared a quarterly dividend of 11/2 cents per share on both its Class A and Class B common stock. The quarterly dividend is payable on September 29, 2000 to shareholders of record at the close of business on September 8, 2000.Pilgrim's Pride Corporation is the fifth largest chicken company in the United States and second largest in Mexico. Pilgrim's Pride employs more than 15,600 persons and operates processing plants, distribution centers, hatcheries and feed mills in Texas, Arkansas, Arizona, Oklahoma and Mexico.Products are sold under the "Pilgrim's Pride" label to foodservice, retail and frozen entree customers. The Company's primary distribution is through retailers and restaurants in Central, Southwestern and Western Regions of the United States and the Northern and Central regions of Mexico and to the foodservice industry nation-wide in both countries. For further information:Richard A. CogdillChief Financial Officer903-855-4205