Savings should boost your dividend

Article Excerpt

CAMPBELL SOUP CO. $48 is a buy. The company (New York symbol CPB; Conservative-Growth Payer Portfolio, Consumer sector; Shares o/s: 300.7 million; Market cap: $14.4 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.campbellsoupcompany.com) last raised your quarterly dividend by 12.2% with the October 2016 payment. The current annual rate of $1.40 yields 2.9%. Following a strategic review of how to add value for investors, Campbell has refocused on soups, pasta and V8 juices. It will also keep snack-foods maker Snyder’s-Lance, purchased in 2018 for $6.1 billion. The company continues to improve efficiency in order to enhance its profitability and boost your dividends. So far, it has reduced annual costs for its continuing businesses by $605 million. Those yearly savings should climb to $850 million by the end of fiscal 2022. 2022…