Kellogg Bumps Up Dividend Payment Starting Q3

Kellogg Company K Board of Directors announced plans to increase the quarterly dividend to $0.60 per share beginning with the third quarter of 2023.
The Board of Directors declared a dividend of $0.59 per share, payable on June 15, 2023, to shareowners of record at the close of business on June 1, 2023.
The ex-dividend date is May 31, 2023. This is the 394th dividend that Kellogg Company has paid to owners of common stock since 1925.
The company held $299 million in cash and equivalents as of Dec. 31, 2022.
Price Action: K shares are trading higher by 0.50% at $69.63 on the last check Friday.