- Posted May 03, 2011
- Tweet This | Share on Facebook
Kellogg to raise dividend in third quarter this year
BATTLE CREEK (AP) -- Kellogg Co. will raise its quarterly dividend 6 percent to 43 cents in the third quarter of this year.
Until then, the cereal maker said, the dividend will remain at 40.5 cents, where it's been since August.
Dividends are payouts that companies give to shareholders to share profits. An increased dividend can be a way for a company to use cash on hand to increase its stock price.
Kellogg hosted its annual shareholder meeting last Friday. In the fourth quarter, the company's net income increased 7 percent.
Published: Tue, May 3, 2011
headlines Oakland County
- Whitmer signs gun violence prevention legislation
- Department of Attorney General conducts statewide warrant sweep, arrests 9
- Adoptive families across Michigan recognized during Adoption Day and Month
- Reproductive Health Act signed into law
- Case study: Documentary highlights history of courts in the Eastern District
headlines National
- Protecting Attorney-Client Relationships: ABA advocacy helps safeguard the right to effective assistance of counsel
- Did ‘corporate speak’ and PowerPoint lead to complacency at GM?
- Ex-employee sues Sheppard Mullin over cyberattack exposing sensitive personal data
- Ropes & Gray allows more attorneys to count AI testing toward billable hours
- Plaintiff who filed fraudulent case, trashed desktop computer hit with sanctions
- Man who threatened Supreme Court justices avoids prison time
