Campbell Soup (CPB) Declares $0.35 Quarterly Dividend; Approves $1.5B Buyback

March 22, 2017 5:34 PM EDT

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Campbell Soup (NYSE: CPB) declared a quarterly dividend of $0.35 per share, or $1.4 annualized.

The dividend will be payable on May 1, 2017, to stockholders of record on April 12, 2017, with an ex-dividend date of April 10, 2017.

The annual yield on the dividend is 2.5 percent.

The Board of Directors of Campbell Soup Company (NYSE: CPB) today authorized a new share repurchase program. Under the new program, Campbell is authorized to purchase up to $1.5 billion of its outstanding shares in open market or privately negotiated transactions. The program is effective as of May 1, 2017, and has no expiration date, but it may be suspended or discontinued at any time.

The new share repurchase program will replace the June 2011 authorization of $1 billion, which is nearly exhausted. The new program is in addition to Campbell's practice of buying back shares sufficient to offset those issued under equity compensation plans.

For a dividend history and other dividend-related data on Campbell Soup (CPB) click here.

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