The Company is a global manufacturer and marketer of brand-name products. Its has six business segments, North American Retail Meats, North American Retail Bakery, Foodservice, International Beverage, International Bakery, and Household and Body Care.
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Recs
paid out a dividend of $0.11.
paid out a dividend of $0.11
They were suppose to buy back 1 billion dollars of stock in 2009 and didn't.Now they want to buy back up to 3 billion dollars worth over a 3 year period.
The company is providing new targets for dividend policy and further clarity on the use of proceeds of the International Household and Body Care (H&BC) sale.
“We expect to maintain and gradually increase our current $0.44 per share annual dividend after the sale of H&BC.”
Yield is around 3.17% right now at $13.89.