BATTLE CREEK, Mich., April 27, 2007 (PRIME NEWSWIRE) -- Kellogg Company (NYSE:K) today announced that its board of directors plans to increase the Company's quarterly dividend by 6.5%, commencing with the third quarter dividend. The new dividend of $.31 per share would be payable on September 14, 2007, to shareowners of record at the close of business on August 31, 2007.
The board also declared a dividend of $.2910 per share on the common stock of the Company, payable on June 15, 2007, to shareowners of record at the close of business on June 1, 2007. The ex-dividend date is May 30, 2007. This is the 330th consecutive quarter that Kellogg Company has paid a dividend to owners of common stock since 1925.
"We recognize the importance of the dividend in our stock's total return to shareowners," said David Mackay, Kellogg Company president and chief executive officer. "This dividend increase reflects confidence in our sustainable business model and the dependability of our results over the long term."
About Kellogg Company
With 2006 sales of nearly $11 billion, Kellogg Company (NYSE:K) is the world's leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles, and veggie foods. The company's brands include Kellogg's, Keebler, Pop-Tarts, Eggo, Cheez-It, Club, Nutri-Grain, Rice Krispies, All-Bran, Special K, Mini-Wheats, Chips Deluxe, Sandies, Morningstar Farms, Famous Amos, and Kashi. Kellogg products are manufactured in 17 countries and marketed in more than 180 countries around the world. For more information, visit the company's website at www.kelloggcompany.com.
The Kellogg Company logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3194