The Board of Directors of Pilgrim's Pride Corporation (NYSE: CHX, CHX.A) 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 June 29, 2001 to shareholders of record at the close of business on June 8, 2001. Pilgrim's Pride Corporation is currently the third largest chicken and fourth largest turkey company in the United States and second largest chicken company in Mexico. Pilgrim's Pride employs more than 22,500 persons and operates processing and further processing plants, distribution centers, hatcheries and feed mills in Texas, Arkansas, Arizona, North Carolina, Pennsylvania, Oklahoma, Virginia and West Virginia and Mexico.