Hershey Announced Quarterly Dividends Of $1.370 On The Common Stock And $1.245 On Class B Common Stock, An Increase Of 15% Or $0.178 And $0.162 Per Share Respectively, Payable On March 15
Portfolio Pulse from Benzinga Newsdesk
Hershey has announced an increase in its quarterly dividends by 15%, setting the new rates at $1.370 for common stock and $1.245 for Class B common stock, payable on March 15.
February 08, 2024 | 12:21 pm
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POSITIVE IMPACT
Hershey increases its quarterly dividends by 15%, with new rates at $1.370 for common stock and $1.245 for Class B common stock, payable on March 15.
The increase in dividends is a positive signal to investors, indicating Hershey's strong financial health and commitment to returning value to shareholders. This move is likely to attract dividend investors and could lead to a short-term uptick in HSY's stock price as it reflects the company's confidence in its financial stability and future earnings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100