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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (11773)5/24/2012 8:19:49 AM
From: Triffin  Read Replies (1) of 34328
 
HNZ gives shareholders a raise ..

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H.J. Heinz Company ( HNZ) announced today that its Board of Directors has approved a 7.3% increase in the annualized common stock dividend, marking the Company’s ninth consecutive year of dividend growth.

The quarterly common stock dividend will increase from 48.0 cents to 51.5 cents per share quarterly for all shareholders of record as of June 24, 2012, payable July 10, 2012. The dividend declared by the Board results in a new annualized common stock dividend of $2.06, an increase of $0.14 from last year.

Heinz Chairman, President and CEO William R. Johnson said: “Heinz has built a strong track record of delivering dividend growth. The 7.3% increase reflects the Company’s solid performance and strong cash flow, continued confidence in our proven long-term growth strategy and most importantly, our commitment to enhancing shareholder value.”

Including today’s announcement, Heinz has increased the annualized common stock dividend by 91% since Fiscal 2004, a compound annual growth rate of 7.4%. From Fiscal 2004 through Fiscal 2012, Heinz returned almost $4.4 billion to shareholders through dividend payouts.

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Triff ..
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