US confectionery major Hershey Foods has announced a quarterly dividend of US$0.3275 on its common stock, an increase of 8.3%, or US$0.025 per share.

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The company’s board of directors also declared a dividend of US$0.295 on the class B common stock, an increase of 8.3%, or US$0.0225 per share.


The dividends are payable 13 September 2002, to stockholders of record 23 August 2002.


The announcement represents the 291st consecutive regular dividend and 28th annual increase on the common stock, and the 72nd consecutive regular dividend and 18th consecutive annual increase on the class B common stock.

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