Bunge raises dividend, appoints controller
May 25, 2007
by FoodBusinessNews.net Staff
WHITE PLAINS, N.Y. — Bunge Ltd. announced it will increase its quarterly cash dividend 6.25%, taking the dividend up to 17c from 16c for each common share.
The dividend is payable on Aug. 31 to shareholders of record as of Aug. 17. The company also announced a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, which will be payable on Sept. 1 to shareholders of record as of Aug. 15.
Bunge also appointed Karen Roebuck as controller effective on June 1. Ms. Roebuck will succeed T.K. Chopra, who is moving to the position of director of financial compliance. Ms. Roebuck has been controller of Bunge North America since 1998.