Kellogg : Declares Regular Dividend of $0.50 per Share and Announces Plans for 4% Dividend Increase
April 29, 2016 at 12:31 pm EDT
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BATTLE CREEK, Mich., April 29, 2016/PRNewswire / -- Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.50per share on the common stock of the Company, payable on June 15, 2016, to shareowners of record at the close of business on June 1, 2016. The ex-dividend date is May 27, 2016. This is the 366 dividend that Kellogg Company has paid to owners of common stock since 1925.
In addition, the Company's Board of Directors announced plans to increase the quarterly dividend by four percent to $0.52per share beginning with the third quarter of 2016.
About Kellogg Company
At Kellogg Company (NYSE: K), we are driven to enrich and delight the world through foods and brands that matter. With 2015 sales of more than $13 billion, Kellogg is the world's leading cereal company; second largest producer of cookies and crackers; a leading producer of savory snacks; and a leading North American frozen foods company. Every day, our well-loved brands nourish families so they can flourish and thrive. These brands include Kellogg's®, Keebler®, Special K®, Pringles®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Kashi®, Cheez-It®, Eggo®, Coco Pops®, Mini-Wheats®, and many more. To learn more about our responsible business leadership, foods that delight and how we strive to make a difference in our communities around the world, visit www.kelloggcompany.com.
Forward-Looking Statements
This news release contains a 'forward-looking statement' about dividends. This statement is made on the basis of the Company's views and assumptions as of this time and the Company undertakes no obligation to update this statement unless required by law. This statement is not a guarantee of future performance; and actual events or results may differ materially from this statement. Investors should consult the Company's filings with the Securities and Exchange Commission (including the information set forth under the caption 'Risk Factors' in the Company's Annual Report on Form 10-K for the 2015 fiscal year ended January 2, 2016) for information about certain factors that could cause such differences. Copies of these filings may be obtained upon request from the Company's Investor Relations department or on the Company's web site at http://www.kelloggcompany.com.
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SOURCE Kellogg Company
For further information: Analyst Contact: Simon Burton, CFA (269) 961-6636; Media Contact: Kris Charles (269) 961-3799
Kellogg Company issued this content on 29 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2016 16:30:30 UTC
Original Document: http://newsroom.kelloggcompany.com/2016-04-29-Kellogg-Company-Declares-Regular-Dividend-of-0-50-per-Share-and-Announces-Plans-for-4-Dividend-Increase
Kellanova (formerly Kellogg Company) is the world leader of the production and the marketing of cereal for breakfast. Net sales (not including sold divisions) break down by family products as follows:
- snacks (61.8%): biscuits, pastries, cereal bars, waffles, etc. sold under the Kellogg's, Cheez-It, Pringles, Austin, Parati and RXBAR brands;
- cereals (20.9%): Sucrilhos, Zucaritas, Kellogg's Extra, Müsli, Choco Krispis, Coco Pops, Choco Krispies, Frosties, Fruit'n Fibre, Kellogg's Crunchy Nut, Krave, Kellogg's Extra, Country Store, Smacks, Pops, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Frosties and other brands;
- frozen products (8.3%): Eggo and Morningstar Farms brands;
- other (9%): primarily noodles.
As of February 20, 2024, the group had 21 production sites worldwide.
Net sales break down geographically as follows: North America (50.1%), Asia/Middle East/Africa (21.2%), Europe (19.1%) and Latin America (9.6%).
In October 2023, completed the separation of its North America cereal business.
KELLANOVA 
