Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pinnacle Foods Starts Paying Quarterly Dividend

Shelf-stable and frozen food purveyor Pinnacle Foods (NYSE: PF  ) is going to initiate a quarterly regular cash dividend, with the initial payment at $0.18 per share.

Having completed its IPO on March 28 and using all the proceeds from the offering to pay down its debt and refinance existing indebtedness, the board adopted the regular dividend policy and will make the payout on July 10 to shareholders of record as of June 20.

The regular dividend payment equates to a $0.72-per-share annual dividend yielding 3% based on the closing price of Pinnacle Foods' stock on May 14.

Headquartered in Parsippany, N.J., Pinnacle is the owner of such well-known brands as Duncan Hines cake mixes, Vlasic pickles, and Mrs. Butterworth's syrup.


Read/Post Comments (0) | Recommend This Article (3)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2433230, ~/Articles/ArticleHandler.aspx, 8/23/2016 9:37:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 21 minutes ago Sponsored by:
DOW 18,547.30 17.88 0.10%
S&P 500 2,186.90 4.26 0.20%
NASD 5,260.08 15.48 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes