Campbell's (CPB) Cuts Quarterly Dividend by 36% Amid Weak Earnings
CPB Campbells Co
$23.81 +0.42%
View chart & analysis → - 1Campbell's (CPB) shares plunged 6% in Thursday morning trading.
- 2The board slashed the quarterly dividend by 36% to $0.25 per share. Fiscal Q4 net sales fell 8% to $2.1 billion, with adjusted EPS down 37% to $0.39.
- 3CEO Beak-Hyeon said the dividend was being reset to reduce debt and strengthen the financial structure.
This 3-line summary is compiled from the report below.
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