The Hershey Co. said it will pay a quarterly dividend of $1.452 a share, unchanged from its last payout. The dividend will be paid on September 15 to shareholders of record as of August 14, with shares trading ex-dividend the same day. The payout translates to an approximate forward dividend yield of 3.16% at the current share price. The decision provides ongoing clarity for income investors as Hershey navigates increased expenses and evolving customer demand, following a second quarter in which the company reported revenue of $2.79 billion and GAAP earnings of $2.11 per share, missing revenue estimates by $160 million but beating earnings projections by 74 cents.
Hershey CoDividend unchanged provides clarity for income investors, but no increase or decrease; mixed signal given earnings miss and beat.