CAMDEN, N.J.–(BUSINESS WIRE)–Sept. 22, 2005–Campbell Soup Company (NYSE:CPB) today announced that the Company’s Board of Directors has approved a 5.9 percent increase in its quarterly dividend, from $.17 per share to $.18 per share. The quarterly dividend is payable October 31, 2005 to shareholders of record at the close of business on October 10, 2005. On an annual basis, the dividend will increase from $.68 per share to $.72 per share.
Campbell’s President and Chief Executive Officer Douglas R. Conant said, “This dividend increase reflects our strong cash flow, improved financial performance, and our confidence in our company’s future.”
Forward Looking Statements
This release contains “forward-looking statements” which reflect the company’s current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the company. Please refer to the company’s most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high quality simple meals, including soup, baked snacks, vegetable-based beverages, and premium chocolate products.
Founded in 1869, the company has a portfolio of more than 20 market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” “V8,” and “Godiva.” For more information on the company, visit Campbell’s website at www.thecampbellscompany.com.
CONTACT: Campbell Soup Company Jerry S. Buckley (Media) (856) 342-6007 or Leonard F. Griehs (Analysts) (856) 342-6428 SOURCE: Campbell Soup Company
