Campbell hikes dividend 14%

by Eric Schroeder
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CAMDEN, N.J. — The board of directors of The Campbell Soup Co. approved a 14% increase in the company’s quarterly dividend, raising it to 25c per share from 22c per share. The quarterly dividend is payable Nov. 3 to shareowners of record at the close of business on Oct. 6. On an annual basis, the dividend will increase to $1 per share from 88c per share.

"This dividend increase demonstrates our ongoing commitment to creating shareowner value and reflects our confidence in the long-term growth prospects of Campbell," said Douglas R. Conant, president and chief executive officer.

Campbell raised the dividend to 22c per share from 20c per share in September 2007.

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