Jim Trippon's  Instablog

Jim Trippon
Send Message
Jim Trippon is a certified genius, a member of MENSA, and the epitome of the “Overachieving Entrepreneur.” He’s an internationally renowned and globally experienced investment expert, dedicated to finding undervalued, “under the radar” investments for his worldwide clients and subscribers. He... More
My company:
Trippon Financial Research, Inc.
My blog:
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 http://www.dividendgenius.com. To see the latest special offer from Dividend Genius, visit: http://www.dividendstockblog.com/dividend-genius-video.html

    Stocks: SYY, CPB, BOBE
Back To Jim Trippon's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.