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Conagra announces dividend increase and share repurchase

Today the board of directors of ConAgra Foods, Inc., (NYSE:CAG) announced two items related to the company's capital allocation program:

  • The quarterly dividend has been raised to $0.19 per common share. This new rate will start with the Dec. 3, 2007 dividend payment, which will be made to shareholders of record as of Nov. 2, 2007.
  • An additional $500 million of share repurchases has been authorized. The company plans to repurchase shares periodically, depending on market conditions, and may make purchases in the open market or through privately negotiated transactions.

Companies in this Article

ConAgra Foods is a "leading branded, value-added" food company, organized into three businesses—Consumer Foods, International Foods and Commercial Products, which includes our Food and Ingredients and Trading and Merchandising Segments.
Lamb Weston is the largest potato company in North America with annual sales of approximately $2 billion. Lamb Weston manufactures french fries, potato specialties and dehydrated potato products. The french fry manufacturer is part of Conagra Foods.