The new amount, $0.485 per share, is 15.5% higher than Hershey's last quarterly payout. Annualized, this dividend adds up to $1.94 per share. In addition, Hershey is paying $0.435 per share on its Class B Common Stock.
Shareholders on record as of Aug. 23 will be eligible for the new increase, and the dividends will be payable Sept. 13. Hershey's annual yield on its dividend is 2.1% using yesterday's closing price, and this new payout is the company's 335th consecutive regular dividend on the common stock.