LONDON, UK / ACCESSWIRE / October 10, 2017 / Pro-Trader Daily takes a closer look at Campbell Soup Co. (NYSE: CPB) as the Company's stock will begin trading ex-dividend on October 12, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on October 11, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 27, 2017, Campbell Soup's Board of Directors declared a regular quarterly dividend on its capital stock of $0.35 per share. The quarterly dividend is payable October 30, 2017, to shareholders of record at the close of business October 13, 2017

Campbell Soup's indicated dividend represents a yield of 3.01%, which is substantially above the average dividend yield of 1.77% for the Consumer Goods sector.

Dividend Insights

Campbell Soup has a dividend payout ratio of 45.5%, which indicates that the Company distributes approximately $0.46 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Campbell Soup is forecasted to report earnings of $3.16 for the next year, which is more than double its annualized dividend of $1.40 per share.

As of July 30, 2017, Campbell Soup's cash and cash equivalents totaled $319 million as of July 30, 2017, compared to cash of $296 million as of July 31, 2016. For the twelve months ended July 30, 2017, the Company recorded $1.29 billion of cash provided by operating activities compared to $1.49 billion for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Campbell Soup

On September 27, 2017, Campbell Soup provided an update on pending acquisition of Pacific Foods. The Company entered into an agreement on July 06, 2017 to acquire Pacific Foods of Oregon for $700 million. The completion of the transaction is subject to customary closing conditions. On August 21, 2017, the estate of a former Pacific Foods shareholder, Edward C. Lynch, filed a lawsuit against Pacific Foods, certain of its directors and others seeking more than $250 million in damages. While Campbell Soup is not named in the suit, the lawsuit creates an impediment to closing.

On September 27, 2017, Campbell Soup notified Pacific Foods that the company has 60 days under the terms of the agreement to resolve the issues arising from the suit if the transaction is to be completed. After the 60-day period, Campbell Soup has the option to extend the cure period or terminate the agreement.

About Campbell Soup Co.

Campbell Soup, together with its subsidiaries, manufactures and markets food and beverage product. The Company sells its products through retail food chains, mass discounters, mass merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as other retail, commercial, and non-commercial establishments; and independent contractor distributors. Campbell Soup was founded in 1869 and is headquartered in Camden, New Jersey.

Stock Performance

On Monday, October 09, 2017, Campbell Soup's stock closed the trading session at $45.51, falling 2.09% from its previous closing price of $46.48. A total volume of 2.44 million shares were exchanged during the session, which was above the 3-month average volume of 2.19 million shares. Shares of the Company have a PE ratio of 15.75 and have a dividend yield of 3.08%. The stock currently has a market cap of $13.67 billion.

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