LONDON, UK / ACCESSWIRE / July 11, 2018 / Active-Investors has a free review on Campbell Soup Co. (NYSE: CPB) following the Company's announcement that it will begin trading ex-dividend on July 12, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 11, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CPB:
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On June 28, 2018, Campbell Soup's Board of Directors declared a regular quarterly dividend on its capital stock of $0.35 per share. The quarterly dividend is payable July 30, 2018, to shareholders of record at the close of business July 13, 2018.
Campbell Soup's indicated dividend represents a yield of 3.34%, which is more than double compared to the average dividend yield of 1.73% for the Consumer Goods sector. The Company has raised its dividend for 2 years in a row.
Campbell Soup has a dividend payout ratio of 48.8%, which indicates that the Company spends approximately $0.49 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
As per analysts' estimates, Campbell Soup is forecasted to report earnings of 2.75 per share for the next year, which is substantially higher than the Company's annualized dividend payout of $1.40 per share.
As of April 29, 2018, Campbell Soup's cash and cash equivalents were $199 million compared to $313.0 million as on April 30, 2017. For the nine months ended March 31, 2018, the Company's cash flow from operations increased to $1.02 billion from $1.01 billion in the year ago same period, reflecting higher cash earnings, partly offset by an increase in working capital requirements. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Campbell Soup Co.
Campbell Soup, together with its subsidiaries, manufactures and markets branded food and beverage products. The Company sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores as well as other retail, commercial, and non-commercial establishments.
Campbell Soup was founded in 1869 and is headquartered in Camden, New Jersey.
Stock Performance Snapshot
July 10, 2018 - At Tuesday's closing bell, Campbell Soup's stock slightly declined 0.14%, ending the trading session at $41.49.
Volume traded for the day: 2.48 million shares.
Stock performance in the last month - up 21.85%
After yesterday's close, Campbell Soup's market cap was at $12.21 billion.
Price to Earnings (P/E) ratio was at 34.60.
The stock has a dividend yield of 3.37%.
The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry. This sector was up 0.5% at the end of the session.
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