The board of directors of H.J. Heinz Company (NYSE:HNZ) yesterday raised -- for a 34th consecutive year -- the quarterly dividend on the company's common stock to 40 1/2 cents from 39 1/4 cents, a 3.2 percent increase, for an indicated annual rate of $1.62 per share.


Company Profile:

H J Heinz


The dividend will be paid on October 10, 2001 to shareholders of record at the close of business on September 27, 2001.

In addition, the board declared a quarterly dividend of 42 1/2 cents per share on the Third Cumulative Preferred Stock, $1.70 First Series, payable October 1, 2001 to shareholders of record at the close of business on September 27, 2001.

ABOUT HEINZ: With sales approaching US$10 billion, H. J. Heinz Company is one of the world's leading marketers of branded foods to consumers everywhere, whether in supermarkets, restaurants or on the go. Its 50 companies operate in some 200 countries, with more than 20 power brands, including the Heinz® brand with nearly US$3 billion in annual sales. Among the company's famous brands are Heinz®, StarKist®, Ore-Ida®, 9-Lives®, Wattie's®, Plasmon®, Farley's®, Smart Ones®, Bagel Bites®, John West®, Petit Navire®, Kibbles `n Bits®, Pounce®, Pup-Peroni®, Orlando®, ABC®, Olivine®, Jufran® and Pudliszki®. Heinz also uses the famous brands Weight Watchers®, Boston Market® and Linda McCartney® under license. Information on Heinz is available at http://www.heinz.com.


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