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Jim Trippon
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Jim Trippon is an bestselling business and finance author, a practicing CPA, and a fee based investment advisor. His portfolio of companies includes J.M. Trippon & Company CPA, Trippon Wealth Management & Trippon Financial Publishing. Jim has dedicated his business career to... More
My company:
Trippon Financial Research, Inc.
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Global Profit$ Alert
My book:
Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • Feasting On Food Dividends: Payout Increases From A Delectable Sector 0 comments
    Nov 20, 2009 12:01 PM | about stocks: SYY, CPB, BOBE

    Another Dividend Increase

    From The Food Sector

    Feasting On Food Dividends: Another Payout Increase From A Delectable Sector

    About: (BOBE, Bob Evans Farms, SYY, Sysco, CPB, Campbell Soup) Bookmark and Share

    This week has been a veritable buffet of dividend increases from the food sector and that's good news for income investors. We've already highlighted dividend hikes from Sysco (NYSE: SYY) and Campbell Soup (NYSE: CPB). On Thursday, restaurant operator and pork distributor Bob Evans Farms (Nasdaq: BOBE) boosted its quarterly dividend by 12.5% to 18 cents a share. The new dividend is payable on December 15 to shareholders of record on December 4. Bob Evans shares currently yield 2.4%.

    Showing that its balance sheet is in fine shape, Bob Evans Farms also said it will purchase 1 million of its own shares under a buyback program that will last until April 30, 2010. The company also announced it has reduced its debt load by $66 million this year. Last week, the company said fiscal second-quarter profits rose by 37%, helped by lower interest payments and tax rates.

    Bob Evans has boosted its dividend in seven of the past 11 years. The five-year dividend growth rate is 5.58%. The company operates 569 Bob Evans restaurants in 18 states and 145 Mimi's Cafe restaurants in 24 states.
    For more information about Dividend Genius, visist To see the latest special offer from Dividend Genius, visit:

    Themes: restaurantfood, food servies Stocks: SYY, CPB, BOBE
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