Increasing shareholder value with higher dividends
- Hershey raises quarterly dividend by 15%
- New payout is $1.37 per share
- Annual yield of about 2.82%
- Dividends payable on March 15
Hershey’s board has announced a 15% increase in the company’s Class A quarterly dividend, raising it to $1.37 from $1.192. This new payout, equivalent to $5.48 per year, offers an annual yield of approximately 2.82%. The dividend on Class B shares has also been raised by 15% to $1.245. Shareholders of record as of February 20 will receive the dividends on March 15. Despite Hershey’s forecast of flat earnings this year, the company remains committed to increasing shareholder value through higher dividends.
Public Companies: Hershey (N/A)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides factual information about Hershey’s board raising the company’s Class A and Class B quarterly dividends by 15%. It also mentions the new payout and the annual yield based on the closing price. The article includes the dates for the dividend payment and the forecast of flat earnings by Hershey. However, it lacks additional context or analysis.
Noise Level: 7
Justification: The article provides information about Hershey’s board raising the company’s Class A and Class B quarterly dividends by 15%. It also mentions the annual yield based on the closing price. However, it lacks analysis or discussion of long-term trends, antifragility, accountability, scientific rigor, or actionable insights. The article stays on topic and supports its claims with specific numbers and dates.
Financial Relevance: Yes
Financial Markets Impacted: Hershey’s
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Hershey’s board raising the company’s dividend despite a forecast of flat earnings this year.
www.marketwatch.com 
