Conagra Brands Increases Quarterly Cash Dividend By 29 Percent

Rhea-AI Summary

Conagra Brands, Inc. (NYSE: CAG) has declared a quarterly cash dividend of $0.275 per share, marking a 29% increase from the previous dividend. This adjustment reflects the company’s commitment to delivering shareholder value. The dividend is scheduled for payment on December 2, 2020 to stockholders of record as of November 2, 2020. With this announcement, the annualized dividend reaches $1.10 per share, showcasing Conagra's financial strength and confidence in future growth.

Positive

• Quarterly cash dividend increased by 29%
• New dividend of $0.275 per share enhances shareholder returns
• Demonstrates company's strong commitment to shareholders

Negative

• None.

News Market Reaction

+0.45%

1 alert

+0.45% News Effect

On the day this news was published, CAG gained 0.45%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, Oct. 1, 2020 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced that the Board of Directors declared a quarterly cash dividend of $0.275 per share of common stock to be paid on December 2, 2020 to stockholders of record as of the close of business on November 2, 2020. This represents a 29% increase over Conagra Brands' previous quarterly dividend. The new quarterly dividend of $0.275 per share is equivalent to $1.10 per share annually.

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye®, Marie Callender's®, Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as well as emerging brands, including Angie's® BOOMCHICKAPOP®, Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for every occasion. For more information, visit www.conagrabrands.com.

For more information, please contact:
MEDIA: Mike Cummins
312-549-5257
Michael.Cummins@conagra.com

INVESTORS: Brian Kearney
312-549-5002
IR@conagra.com

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SOURCE Conagra Brands, Inc.

FAQ

What is the new dividend amount for Conagra Brands (CAG)?

Conagra Brands has announced a new quarterly dividend of $0.275 per share.

When will the dividend for Conagra Brands (CAG) be paid?

The dividend will be paid on December 2, 2020.

What was the percentage increase in Conagra Brands' (CAG) dividend?

The quarterly dividend increased by 29%.

What is the annual dividend amount for Conagra Brands (CAG)?

The annualized dividend is $1.10 per share.

Who are the stockholders eligible for the dividend from Conagra Brands (CAG)?

Stockholders of record as of the close of business on November 2, 2020, are eligible.