CAMDEN, N.J. - Campbell Soup Company (NYSE:CPB) announced that its Board of Directors has declared a regular quarterly dividend of $0.37 per share on its capital stock. This dividend is slated for distribution on April 29, 2024, to shareholders who are on record by the close of business on April 4, 2024.
The declaration of this dividend continues Campbell's long-standing practice of returning value to its shareholders. The company, with a history spanning over 150 years, has established a robust portfolio of food and beverage brands that includes Campbell's, Goldfish, and V8, among others. Campbell has consistently been recognized for its commitment to corporate responsibility and sustainability, being included in the S&P 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices.
This dividend announcement follows Campbell's fiscal year 2023 report of net sales amounting to $9.4 billion. The company, which has been headquartered in Camden, New Jersey since 1869, has built a reputation for providing consumers with trusted and affordable products.
Investors typically view regular dividend payments as a sign of a company's financial health and its ability to generate consistent cash flow. Dividends also often attract a certain class of shareholders who are looking for regular income from their investments.
Campbell Soup's commitment to shareholder returns, as evidenced by its latest dividend declaration, is a continuation of its financial strategies aimed at maintaining investor confidence. This news is reflective of the company's ongoing efforts to balance shareholder returns with its broad business objectives.
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