Hershey shares are trading higher after the company reported mixed Q4 financial results and raised its quarterly dividends.
Portfolio Pulse from Benzinga Newsdesk
Hershey's stock is trading higher following the announcement of mixed Q4 financial results and an increase in its quarterly dividends.
February 08, 2024 | 3:19 pm
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Hershey's shares are experiencing an uptick due to mixed Q4 financial results coupled with an increase in quarterly dividends.
The positive reaction in Hershey's stock price is likely due to the company's decision to raise its quarterly dividends, a move that typically signals confidence in future earnings and financial health. Although the Q4 results were mixed, the dividend increase seems to have had a more significant impact on investor sentiment.
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