Wednesday, March 14, 2007

Wm. Wrigley Jr. Co. to Raise Prices 10%

Today Wm. Wrigley Jr. Co. (WWY), a Dividend Aristocrat, announced it was raising prices in the U.S. by an average of 10%. As the news was announced early this afternoon, the stock began moving higher as noted in the 1-day chart below. Wrigley was the top performing aristocrat today.

(click on graph for larger image)

Wm Wrigley Jr. Co. one day stock chart
top 5 dividend aristocrats March 14, 2007
On a longer term basis, WWY stock price has struggled to keep pace with the general market, but with a new CEO, maybe this is the stimulus the company needed.

Wm Wrigley Jr. Co three year stock chart
Wrigley is a dividend aristocrat and patient investors have collected increasing dividends as the company is likely transitioning into a brighter earnings future.

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