The Board of Directors of Dean Foods Company (NYSE: DF), at its regularly scheduled Board Meeting held today, approved a quarterly dividend payment of 22.5 cents per share, which will be paid on March 15, 2001 to shareholders of record as of February 23, 2001.

Dean Foods is one of the nation’s leading dairy processors and distributors producing a full line of branded and private label products, including fluid milk, ice cream and extended shelf life products, which are sold under the Dean’s and other strong regional brand names. Dean Foods is the industry leader in other food products including pickles, powdered non- dairy coffee creamers, aseptically packaged foodservice products, and refrigerated dips and salad dressings.

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