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Del Monte Foods (DLM) Raises Qtr. Dividend from $0.04 to $0.05, Yielding 2.21%

June 19, 2009 8:32 AM EDT
DLM Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Del Monte Foods Company (NYSE: DLM) today announced that its Board of Directors has approved a 25% increase in the quarterly dividend from $0.04 to $0.05 per common share. The dividend is payable on August 6, 2009 to stockholders of record as of the close of business on July 23, 2009.

The yield moves from 1.76% to 2.21%.

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