Payout Boost: 62 years of payments

Article Excerpt

CAMPBELL SOUP CO. $57 (New York symbol CPB; Conservative Growth Dividend Payer Portfolio, Consumer sector; Shares outstanding: 307.9 million; Market cap: $17.6 billion; Price-to-sales ratio: 2.2; Dividend Sustainability Rating: Above Average; Dividend yield: 2.5%; www.campbellsoupcompany.com) is the world’s largest maker of canned soups. It also makes Prego canned pasta and sauces, Pepperidge Farm cookies and V8 vegetable juices. With the October 2016 payment, the company raised its quarterly dividend by 12.2%, to $0.35 a share from $0.312. The new annual rate of $1.40 yields 2.5%. Campbell has paid dividends continuously since it became a public company in 1954. It also offers a dividend reinvestment plan (DRIP). Campbell Soup is a buy. For more on Campbell Soup, click HERE. HERE…

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