Kellogg Company Declares Regular Dividend of $0.58 per Share for Second Quarter and Announces Plans for Dividend Increase in Third Quarter

Rhea-AI Summary

Kellogg Company (NYSE: K) has declared a quarterly dividend of $0.58 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. The ex-dividend date is set for May 31, 2022. This marks the 390th dividend paid by the company since 1925. Additionally, Kellogg plans to increase the dividend to $0.59 per share starting in the third quarter of 2022. In 2021, the company reported net sales of nearly $14.2 billion.

Positive

• Quarterly dividend declared at $0.58 per share.
• Planned increase to $0.59 per share in Q3 2022.
• 390th dividend payment since 1925 demonstrates consistent shareholder returns.

Negative

• None.

BATTLE CREEK, Mich., April 29, 2022 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.58 per share on the common stock of the Company, payable on June 15, 2022, to shareowners of record at the close of business on June 1, 2022. The ex-dividend date is May 31, 2022. This is the 390^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 $0.59 per share beginning with the third quarter of 2022.      

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 2021 were nearly $14.2 billion, comprised principally of snacks as well as convenience foods like cereal, frozen foods, and noodles. As part of our Kellogg's® Better Days ESG strategy, we're addressing the interconnected issues of wellbeing, climate and food security, creating Better Days for 3 billion people by the end of 2030. Visit www.KelloggCompany.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 January 1, 2022) 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:https://www.prnewswire.com/news-releases/kellogg-company-declares-regular-dividend-of-0-58-per-share-for-second-quarter-and-announces-plans-for-dividend-increase-in-third-quarter-301536449.html

SOURCE Kellogg Company

FAQ

What is the dividend amount declared by Kellogg Company?

Kellogg Company declared a dividend of $0.58 per share.

When will the dividend be paid?

The dividend will be paid on June 15, 2022.

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

The ex-dividend date is May 31, 2022.

When does Kellogg Company plan to increase its dividend?

Kellogg plans to increase its dividend to $0.59 per share starting in the third quarter of 2022.

How long has Kellogg Company been paying dividends?

Kellogg Company has paid dividends consistently since 1925.