|Bid||70.00 x 1000|
|Ask||71.73 x 300|
|Day's Range||70.60 - 71.43|
|52 Week Range||68.67 - 87.16|
|PE Ratio (TTM)||32.27|
|Dividend & Yield||2.08 (2.93%)|
|1y Target Est||N/A|
Kellogg Co. plans to shut down its snack distribution operation at 1801 N. Corrington Ave. in Kansas City, laying off 185 people. It's part of a nationwide program called "Project K," which is a shift in the distribution method for Kellogg's Snacks division from direct store delivery to warehouse delivery. The initiative, which was launched in 2013, is designed to save the Michigan-based food company (NYSE: K) up to $475 million annually by 2018 through job cuts and production optimization.
Kellogg Co. will permanently close a distribution center in Weston and lay off hundreds of people, the South Florida Business Journal has learned. The Battle Creek, Michigan-based food product distributor (NYSE: K) last week notified the Florida Department of Economic Opportunity about the job cuts as required by the Workers Adjustment and Retraining Notification (WARN) Act. The 246 workers will be laid off from the company's South Florida Distribution Center at 3360 Enterprise Ave. starting July 8.
Slow industry growth has generated a few impressive yields for income investors seeking healthy dividends.