Campbell reports 14 percent dividend increase

CAMDEN, N.J. Campbell Soup Company announced Thursday a 14 percent rise in its quarterly dividend bringing shares up to $0.25 per share (from $0.22 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 of Campbell.

As of the close of Oct. 6, the dividend payouts will be payed to shareholders on record by Nov. 3, the company has said. Reports have indicated that the dividend will increase annually from $0.88 per share to $1.00 per share.