Campbell hikes dividend 14%
September 25, 2008
by Eric Schroeder
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.