Kellanova Stock Price, News & Analysis

Kellogg Company (NYSE: K) has declared a regular dividend of $0.59 per share on its common stock. This dividend is set to be paid on December 15, 2022, with a record date of December 1, 2022, and an ex-dividend date of November 30, 2022. This marks the 392nd dividend payment made by Kellogg since 1925, highlighting the company’s commitment to returning value to its shareholders.

Kellogg Company released research on the positive impacts of school breakfast programs on children's social skills and classroom behavior. The study, conducted in countries like Brazil, India, and the U.S., found that these programs significantly enhance children's ability to engage in school and improve overall discipline. Since 2015, Kellogg has supported feeding initiatives reaching 4.3 million children globally. This initiative aligns with Kellogg's Better Days Promise, aiming to positively affect 3 billion people by 2030.

Kellogg's Frosted Flakes® Mission Tiger has announced a $25,000 donation to Don Tyson School of Innovation in Springdale, Arkansas, to enhance middle school sports programs. This initiative, which aids in purchasing essential equipment and training gear for various sports teams, reflects Mission Tiger's commitment to supporting local school athletics. The program has positively impacted over 1 million kids by funding sports facilities and equipment since its inception in 2019. Educators praise the donation for fostering leadership and teamwork among students.

Kellogg's Nutri-Grain is launching the "Got Your Back Bin" sweepstakes to honor dedicated K-12 teachers. From October 17-28, participants can nominate a teacher to win a Nutri-Grain bin filled with snacks and a $100 gift card. This initiative highlights that teachers often spend around $300 of their own money annually on snacks for their students. Additionally, Kellogg will donate $75,000 to No Kid Hungry, providing up to 750,000 meals to children. The event aims to support educators and alleviate their personal expenses.

Kellogg is reintroducing the Cinnabon Bakery Inspired Cereal after a five-year absence, responding to strong demand from fans. The collaboration with Cinnabon, which had been requested extensively, is set to hit Sam's Club in October, followed by a wider release in December 2022 at retailers nationwide. The cereal features cinnamon-swirl shaped pieces with frosting flavor, evoking the warmth of Cinnabon's bakery items. The price is $4.99 for an 8.7-ounce box and $5.99 for a 13.9-ounce box, continuing Kellogg's commitment to satisfying consumer cravings.

Eggo introduces Eggo Nog, a new eggnog liqueur aimed at parents seeking relaxation during the hectic holiday season. This rum-based liqueur is crafted with Sugarlands Distilling Co. and features flavors of cinnamon and nutmeg, designed to pair perfectly with Eggo Thick & Fluffy waffles. Marketing Director Joe Beauprez emphasizes the need for 'evening me time' for parents. Available at select retailers, Eggo Nog offers a festive way to unwind this winter. Must be 21 or older to purchase.