By Stephen Nakrosis
WK Kellogg raised its quarterly dividend to 16.5 cents per share from 16 cents.
The company said Thursday that its board approved the new payout, which is equal to 49.5 cents per share on an annual basis. Based on the company's latest closing share price of $16.28 the new dividend represents a yield of about 3.1%.
The dividend will be payable on March 14 to shareholders of record at the close of business on Feb. 28.
WK Kellogg's products include Kellogg's Frosted Flakes, Rice Krispies, Froot Loops and Kashi.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 06, 2025 18:54 ET (23:54 GMT)
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