Tuesday, February 06, 2007

Wm. Wrigley Jr. Co. Announces 13.7% Dividend Increase

Today, Wm. Wrigley Jr. Co. (WWY) announced a 13.7% increase in its quarterly dividend. The new quarterly rate increases to 29 cents per share versus 25.5 cents per share in the same quarter last year. As reported by Bloomberg,

"...net income jumped 37 percent to $128.8 million, or 46 cents a share. Excluding costs to close plants in Chicago and New Jersey, the company said today it earned 51 cents, beating the 50-cent average estimate of 13 analysts in a Bloomberg survey."

WWY is one of Standard and Poor's Dividend Aristocrats with an S&P Earnings and Dividend Ranking of A+.

(click on charts for larger images)
Wrigley dividend table
wrigley stock chart

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