PARSIPPANY, N.J., Aug. 16, 2017 (GLOBE NEWSWIRE) -- Pinnacle Foods Inc. (NYSE:PF) announced today that its Board of Directors has approved a 14% increase in the Company’s quarterly cash dividend, from $0.285 per share to $0.325 per share, effective with the Company’s upcoming third quarter 2017 dividend. The upcoming dividend is payable on October 9, 2017 to shareholders of record at the close of business on August 29, 2017. On an annualized basis, the new dividend increases to $1.30 per share, from the previous annualized rate of $1.14 per share.
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About Pinnacle Foods Inc.
Pinnacle Foods Inc. (NYSE:PF) is a leading manufacturer, marketer and distributor of high-quality branded food products with a mission of unleashing brand potential. With annual sales in excess of $3 billion, our portfolio includes well-known brands competing in frozen, refrigerated and shelf-stable formats, such as Birds Eye, Birds Eye Voila!, Duncan Hines, Earth Balance, EVOL, Gardein, Glutino, Hungry-Man, Log Cabin, Udi’s, Vlasic, and Wish-Bone, along with many others. The company is headquartered in Parsippany, NJ and has nearly 5,000 employees across the U.S. and Canada. For more information, please visit www.pinnaclefoods.com.
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