Hershey Declares Quarterly Dividends

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

The Hershey Company (NYSE: HSY) has announced its latest quarterly dividends. The Board of Directors declared dividends of $1.370 per share on Common Stock and $1.245 per share on Class B Common Stock. These dividends were declared on July 31, 2024, and will be payable on September 16, 2024, to stockholders of record as of August 16, 2024.

This marks the 378th consecutive regular dividend on Common Stock and the 159th consecutive regular dividend on Class B Common Stock, highlighting Hershey's long-standing commitment to returning value to shareholders. The consistency in dividend payments underscores the company's financial stability and shareholder-friendly policies.

Positive

Consistent dividend payments indicate financial stability
Dividend amounts remain steady, showing company confidence
Long track record of consecutive dividend payments (378th for Common Stock, 159th for Class B)

Negative

None.

News Market Reaction

+1.08%

1 alert

+1.08% News Effect

On the day this news was published, HSY gained 1.08%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/01/2024 - 07:05 AM

HERSHEY, Pa., Aug. 1, 2024 /PRNewswire/ -- The Board of Directors of The Hershey Company (NYSE: HSY) today announced quarterly dividends of $1.370 on the Common Stock and $1.245 on the Class B Common Stock. The dividends were declared July 31, 2024, and are payable September 16, 2024, to stockholders of record as of August 16, 2024. It is the 378^th consecutive regular dividend on the Common Stock and the 159^th consecutive regular dividend on the Class B Common Stock.