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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sara Lee Corp | LSE:SRL | London | Ordinary Share | COM STK US$1.33 1/3 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.82 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
BW20030828000041 20030828T145000Z UTC ( BW)(SARA-LEE)(SRL) Dividend Declaration Business Editors UK REGULATORY NEWS CHICAG0--(BUSINESS WIRE)--Aug. 28, 2003-- Sara Lee Corporation Increases Annual Dividend by 21%; Company Declares Supplemental Dividend Sara Lee Corporation's board of directors today significantly increased the company's common dividend, raising the annualized dividend 21%, from $.62 per share to $.75 per share, effective with the current quarter. "Sara Lee is committed to creating value for our shareholders, and our strong cash flow affords us the opportunity to increase shareholder returns via dividends and share repurchase," said C. Steven McMillan, chairman, president and chief executive officer of Sara Lee Corporation. "While our board usually considers dividend increases at its October meeting, we believe that with our robust cash flow and the recent changes in federal tax laws, now is the opportune time to substantially increase the dividend to Sara Lee shareholders." Based on its previous annualized dividend rate of $.62 per share, Sara Lee declared a quarterly dividend of $.155 per share on June 26, 2003, payable on Oct. 1, 2003, to stockholders of record at the close of business on Sept. 2, 2003. Today, Sara Lee declared a supplemental dividend of $.0325 per share on the company's common stock, also payable on Oct. 1, 2003, to stockholders of record at the close of business on Sept. 8, 2003. Together, these payments will provide shareholders with a quarterly dividend of $.1875 per share, in line with the new annualized dividend rate of $.75 per share. In fiscal 2003, Sara Lee Corporation reported cash flow from operations of approximately $1.8 billion, the second-highest cash-generating year in the company's history. Based on yesterday's closing price of $18.42 per share of Sara Lee common stock, the dividend announced today provides an annualized yield of 4.1% to the company's shareholders. Sara Lee Corporation (www.saralee.com) is one of the world's leading branded consumer packaged goods companies, selling its products in nearly 200 countries. The company has three global businesses - Food and Beverage, Intimates and Underwear, and Household Products - through which it manufactures and markets products of exceptional quality and value under leading, well-known brand names such as Sara Lee, Earth Grains, Jimmy Dean, Douwe Egberts, Chock full o'Nuts, Hanes, Playtex, Bali, Dim, Kiwi, Ambi Pur and Sanex. Short Name: Sara Lee Corporation Category Code: DIV Sequence Number: 00008984 Time of Receipt (offset from UTC): 20030828T144009+0100 --30--CV/cg* KO/uk CONTACT: Sara Lee Corporation KEYWORD: ILLINOIS UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: FOODS/BEVERAGES RETAIL APPAREL/TEXTILES SOURCE: Sara Lee Corporation Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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