Hershey Declares Quarterly Dividends

Rhea-AI Summary

The Hershey Company (NYSE: HSY) announced a quarterly dividend increase of approximately 4%, raising the Common Stock dividend to $0.804 and Class B Common Stock dividend to $0.731 per share. These dividends are payable on September 15, 2020, to stockholders of record as of August 21, 2020. This marks the 363rd consecutive dividend declaration for Common Stock and the 144th for Class B Common Stock, reflecting the company's commitment to returning value to its shareholders.

Positive

• 4% increase in dividends for Common and Class B stocks.
• Continuing commitment with 363rd consecutive dividend for Common Stock.

Negative

• None.

News Market Reaction – HSY

+5.68%

1 alert

+5.68% News Effect

On the day this news was published, HSY gained 5.68%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HERSHEY, Pa., July 23, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $0.804 on the Common Stock and $0.731 on the Class B Common Stock, an increase of about 4%, or $0.031 and $0.029 per share, respectively.  The dividends are payable September 15, 2020, to stockholders of record August 21, 2020.  It is the 363^rd consecutive regular dividend on the Common Stock and the 144^th consecutive regular dividend on the Class B Common Stock.

FINANCIAL CONTACT:	MEDIA CONTACT:
Melissa Poole	Jeff Beckman
mpoole@hersheys.com	jbeckman@hersheys.com

FAQ

What is the dividend amount for Hershey Company in 2020?

The dividend amount is $0.804 for Common Stock and $0.731 for Class B Common Stock.

When is the Hershey Company dividend payable?

The dividend is payable on September 15, 2020.

What is the record date for the Hershey Company dividend?

The record date for the dividend is August 21, 2020.

How many consecutive dividends has Hershey declared?

Hershey has declared 363 consecutive dividends for Common Stock and 144 for Class B Common Stock.