Kellogg Company Declares Regular Dividend of $0.57 per Share for First Quarter and Announces Plans for Dividend Increase in Second Quarter

Rhea-AI Summary

Kellogg Company (NYSE: K) has declared a $0.57 per share dividend for the first quarter, payable on March 15, 2021, to shareholders of record by March 2, 2021. The ex-dividend date is March 1, 2021. This marks the 385th dividend paid since 1925. Additionally, Kellogg plans to increase the dividend to $0.58 per share starting in the second quarter of 2021. For 2020, Kellogg reported net sales of approximately $13.8 billion, focusing on snacks and convenience foods.

Positive

• Declared a dividend of $0.57 per share, demonstrating commitment to returning value to shareholders.
• Plans to increase the quarterly dividend to $0.58 per share in Q2 2021, indicating confidence in future performance.

Negative

• None.

BATTLE CREEK, Mich., Feb. 11, 2021 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable on March 15, 2021, to shareowners of record at the close of business on March 2, 2021.  The ex-dividend date is March 1, 2021.  This is the 385^th dividend that Kellogg Company has paid to owners of common stock since 1925.

In addition, the Company's Board of Directors announced plans to increase the quarterly dividend to $0.58 per share beginning with the second quarter of 2021.      

About Kellogg Company

At Kellogg Company (NYSE: K), our vision is a good and just world where people are not just fed but fulfilled. We are creating better days and a place at the table for everyone through our trusted food brands. Our beloved brands include Pringles®, Cheez-It®, Special K®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Eggo®, Mini-Wheats®, Kashi®, RXBAR®, MorningStar Farms® and more. Net sales in 2020 were approximately $13.8 billion, comprised principally of snacks and convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days purpose platform, we're helping to end hunger and are committed to creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.com or www.OpenforBreakfast.com.

Forward-Looking Statements

This news release contains a "forward-looking statement" about dividends. This statement is made on the basis of the Company's views and assumptions as of this time and the Company undertakes no obligation to update this statement unless required by law.  This statement is not a guarantee of future performance; and actual events or results may differ materially from this statement. Investors should consult the Company's filings with the Securities and Exchange Commission (including the information set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 28, 2019 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 26, 2020) for information about certain factors that could cause such differences. Copies of these filings may be obtained upon request from the Company's Investor Relations department or on the Company's web site at http://www.kelloggcompany.com. 

[K-DIV] [K-FIN]

View original content to download multimedia:http://www.prnewswire.com/news-releases/kellogg-company-declares-regular-dividend-of-0-57-per-share-for-first-quarter-and-announces-plans-for-dividend-increase-in-second-quarter-301226875.html

SOURCE Kellogg Company

FAQ

What is the dividend amount declared by Kellogg Company for Q1 2021?

Kellogg Company declared a dividend of $0.57 per share for the first quarter of 2021.

When will Kellogg Company's dividend be paid?

The dividend will be paid on March 15, 2021.

What is the ex-dividend date for Kellogg Company's first quarter dividend?

The ex-dividend date is March 1, 2021.

When will Kellogg Company increase its dividend to $0.58?

Kellogg Company plans to increase its dividend to $0.58 per share starting in the second quarter of 2021.

What were Kellogg Company's net sales in 2020?

Kellogg Company's net sales in 2020 were approximately $13.8 billion.