WK Kellogg Co Announces Dividend Increase

Rhea-AI Summary

WK Kellogg Co (NYSE: KLG) has announced a 3% increase in its quarterly dividend, raising it from $0.16 to $0.165 per share. The increased dividend will be payable on March 14, 2025, to shareholders of record as of the close of business on February 28, 2025, which is also the ex-dividend date.

Positive

• 3% dividend increase demonstrates company's commitment to shareholder returns
• Continued dividend payments indicate stable cash flow position

Negative

• Modest 3% dividend increase may not keep pace with inflation
• Small dividend increase of $0.005 per share suggests room for more substantial shareholder returns

BATTLE CREEK, Mich., Feb. 6, 2025 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that its Board of Directors has approved an increase in its quarterly dividend to $0.165 per share on the common stock of WK Kellogg Co, an increase of 3% from the prior quarterly dividend of $0.16 per share. The quarterly dividend is payable on March 14, 2025, to shareowners of record at the close of business on February 28, 2025. The ex-dividend date is February 28, 2025.

About WK Kellogg Co 
At WK Kellogg Co, we bring our best to everyone, every day through our trusted foods and brands. Our journey began in 1894, when our founder W.K. Kellogg reimagined the future of food with the creation of Corn Flakes, changing breakfast forever. Our iconic brand portfolio includes Kellogg's Frosted Flakes®, Rice Krispies®, Froot Loops®, Kashi®, Special K®, Kellogg's Raisin Bran®, and Bear Naked®. With a presence in the majority of households across North America, our brands play a key role in enhancing the lives of millions of consumers every day, promoting a strong sense of physical, emotional and societal wellbeing. Our beloved brand characters, including Tony the Tiger® and Toucan Sam®, represent our deep connections with the consumers and communities we serve.  Through our sustainable business strategy – Feeding Happiness^TM – we aim to build healthier and happier futures for families, kids and communities. We are making a positive impact, while creating foods that bring joy and nourishment to consumers. For more information about WK Kellogg Co and Feeding Happiness, visit www.wkkellogg.com. 

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SOURCE WK Kellogg Co

FAQ

What is WK Kellogg's new quarterly dividend amount for 2025?

WK Kellogg's new quarterly dividend is $0.165 per share, increased from $0.16 per share.

When is the ex-dividend date for KLG's Q1 2025 dividend?

The ex-dividend date is February 28, 2025.

What is the percentage increase in KLG's quarterly dividend for 2025?

KLG has increased its quarterly dividend by 3%.

When will KLG pay its increased quarterly dividend?

The increased quarterly dividend will be paid on March 14, 2025.

What is the record date for KLG's increased dividend payment?

The record date is February 28, 2025, at the close of business.