ATLANTA, April 26, 2012 - The Board of Directors of The
Dr. Applebaum leads The
Prior to joining The
Dr. Applebaum previously held leadership positions with the Distilled Spirits Council of the United States, the Chocolate Manufacturers Association, the American Cocoa Research Institute and the National Confectioners Association. She holds a Bachelor's degree from Wilson College in history and biology, a Master's degree in nutrition and food science from Drexel University and a Ph.D. in food microbiology and food safety from the University of Wisconsin.
The Board of Directors today also declared a regular quarterly dividend of 51 cents per common share. The dividend is payable July 1, 2012, to shareowners of record as of June 15, 2012.
In February, the Board of Directors approved the Company's 50th consecutive annual dividend increase, raising the quarterly dividend 8.5 percent from 47 to 51 cents per share. This is equivalent to an annual dividend of $2.04 per share, up from $1.88 per share in 2011. The dividend reflects the Board's confidence in the Company's long-term cash flow.
The July dividend will not be impacted by the recommended two-for-one stock split announced by the Company yesterday, which is subject to approval by the Company's shareowners.
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