Kellogg Company (NYSE:K - Quote) today announced that its Board of Directors declared a dividend of $.34 per share on the common stock of the Company, payable on June 16, 2009, to share owners of record at the close of business on June 1, 2009. The ex-dividend date is May 28, 2009. This is the 338th consecutive quarter that Kellogg Company has paid a dividend to owners of common stock since 1925.
In addition, the company's Board of Directors announced plans to increase the quarterly dividend by approximately 10% to $0.375 per share beginning with the third quarter of 2009.
The Company's brands include Kellogg's(r), Keebler(r), Pop-Tarts(r), Eggo(r), Cheez-It(r), All-Bran(r), Mini-Wheats(r) Nutri-Grain(r), Rice Krispies(r), Special K(r), Chips Deluxe(r), Famous Amos(r), Sandies(r), Carr's(r), Bear Naked(r), Kashi(r), Morningstar Farm(r), Gardenburger(r) and Stretch Island(r). Kellogg products are manufactured in 19 countries and marketed in more than 180 countries. For more information, visit http://www.kelloggcompany.com.
Disclosure I am long K shares.
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