By Market News Video Staff, Thursday, November 18, 1:54 PM ET
The Campbell Soup Company (NYSE:CPB) said today its Board approved a 5% increase in its quarterly dividend to $0.29, from $0.275 per share. The increased dividend will be effective in the second quarter of fiscal 2011, payable on January 31 to shareholders of record at the close of business on December 27. The producer of soups, as well as the Pepperidge Farm and V8 brands noted this is its seventh consecutive year of dividend increases.
Campbell’s is trading modestly higher on Thursday.
The Campbell Soup Company accounts for 2.32% of the Dynamic Food and Beverage Portfolio (AMEX:PBJ). Top stocks in the fund include Starbucks (NASDAQ:SBUX) at 6.03% of the fund, Coca-Cola Enterprise (NYSE:CCE) at 5.81% of the portfolio, and Yum! Brands (NYSE:YUM), at 5.57%.
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