Campbell Soup Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) is set to distribute a dividend of $0.37 per share on January 29, 2024, with an annualized yield of 3.66%. Shareholders as of January 03, 2024, will be eligible. The company's dividend per share has grown from $1.42 to $1.48 from 2020 to 2023, while earnings per share have declined from $3.20 to $2.89, raising concerns about future dividend sustainability. Campbell Soup's dividend yield is moderate compared to industry peers like Cal-Maine Foods (NASDAQ:CALM), which has a higher yield of 5.49%.
January 29, 2024 | 3:06 pm
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NEUTRAL IMPACT
Cal-Maine Foods has a higher dividend yield than Campbell Soup at 5.49%, which may attract investors seeking higher income. However, the article does not provide details on Cal-Maine's earnings or dividend growth.
Cal-Maine Foods is mentioned as having a higher dividend yield than Campbell Soup, which could be attractive to investors. However, without further details on the company's financial health or dividend sustainability, the impact is neutral with moderate relevance and importance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Campbell Soup's dividend remains attractive with a yield of 3.66%, but declining earnings could concern investors about future payouts. The company's commitment to dividends is evident with an increase in dividend per share from $1.42 to $1.48.
While the dividend yield is attractive and has been growing, the decline in earnings per share from $3.20 to $2.89 may worry investors about the company's ability to sustain future dividends. However, no immediate threat to the dividend is indicated, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100