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Camden, New Jersey – campbell soup The Company (NYSE:) announced that its board of directors has declared a regular quarterly dividend of $0.37 per share on its capital stock. The dividend is scheduled to be distributed on April 29, 2024 to shareholders of record by the close of business on April 4, 2024.
This dividend announcement continues Campbell's long-standing practice of returning value to shareholders. With over 150 years of history, the company has established a strong portfolio of food and beverage brands, including Campbell's, Goldfish and V8. Campbell is consistently recognized for its commitment to corporate responsibility and sustainability and is included in the FTSE4Good Index, as well as the FTSE4Good and Bloomberg Gender-Equality Indexes.
The dividend announcement follows Campbell's report of fiscal 2023 net sales of $9.4 billion. The company has been headquartered in Camden, New Jersey since 1869 and has built a reputation for providing reliable and affordable products to consumers.
Investors typically view regular dividend payments as an indication of a company's financial health and ability to generate consistent cash flow. Dividends often attract a specific group of shareholders who seek regular income from their investments.
As evidenced by its latest dividend announcement, Campbell Soup's commitment to shareholder returns is a continuation of its financial strategy aimed at maintaining investor confidence. This news reflects the company's continued efforts to balance shareholder returns and broader business objectives.
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