Hershey Raises Qtrly Dividend by 15% to $1.192 Per Share (Class A Common Stock)
Portfolio Pulse from Benzinga Newsdesk
The Hershey Company (HSY) has announced a 15% increase in its quarterly dividends to $1.192 per share for Common Stock and $1.083 for Class B Common Stock. The dividends were declared on July 26, 2023, and will be payable on September 15, 2023, to stockholders of record as of August 18, 2023.
July 27, 2023 | 11:18 am
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Hershey's decision to increase its quarterly dividends by 15% could make the company's stock more attractive to income-focused investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often seen as a sign of a company's financial health and can make a stock more attractive to investors who are focused on income generation. This could lead to increased demand for HSY shares, potentially driving up the stock price in the short term.
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