Pittsburgh-based branded food giant H. J. Heinz Company has declared a quarterly dividend of 40.5 cents per share on the company's 25 cent par value Common Stock.

The dividend is payable 10 October to shareholders of record at the close of business on 23 September 2002.

Heinz’ board of directors also announced yesterday [Thursday] a 42.5 cents per share on the company's Third Cumulative Preferred Stock, US$1.70 First Series, payable 1 October to shareholders of record at the close of business on 23 September.