Campbell Soup (NYSE:CPB) will be upping its quarterly dividend by 7.6%, from $0.29 per share to $0.312. This is the first time the company has boosted its payout since January 2011, after raising the payment 5.4%, from $0.275, as well as paying a special dividend in December 2012 of $0.58.
The newest dividend will be payable on Oct. 28 to shareholders of record as of Oct. 8. Annualized, Campbell Soup's dividend currently adds to $1.248 per share. As of the market's close on Sept. 25, the company was trading at $41.28, which means Campbell's dividend offers a 3% yield.
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.