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Campbell Soup Boosts Dividend

It will rise from 18 cents to 20 cents a share.

Campbell Soup (CPB) - Get Campbell Soup Company Report announced Thursday it will increase its quarterly dividend to 20 cents a share.

The dividend will rise 2 cents, or 11.1%, and is payable Oct. 30 to shareholders of record at the close of business on Oct. 9.

On an annual basis, the dividend will increase from 72 cents a share to 80 cents a share, the Camden, N.J.-based company said.

"Based on our strong cash flow and solid financial performance, we are pleased to increase the dividend for the third consecutive year," the company added.

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Shares closed down 30 cents to $35.97 Thursday.

This story was created through a joint venture between and IRIS.