Kellogg to raise quarterly dividend 6.5%
April 27, 2007
by Eric Schroeder
BATTLE CREEK, MICH. — The board of directors at The Kellogg Co. announced their intent to increase the company’s quarterly dividend by 6.5%, beginning with the third-quarter dividend. The new dividend of 31c per share would be payable on Sept. 14 to shareowners of record at the close of business on Aug. 31.
In addition, the board declared a dividend of 29.1c per share on the common stock, payable June 15 to shareowners of record as of June 1.
"We recognize the importance of the dividend in our stock’s total return to shareowners," said David Mackay, president and chief executive officer. "This dividend increase reflects confidence in our sustainable business model and the dependability of our results over the long term."