Kellogg Company (NYSE: K) today announced that its Board of Directors approved a share repurchase authorization of up to $1.5 billion, which expires on January 2, 2016, the end of the company's 2015 fiscal year. This authorization supersedes the existing authorization and represents the company's commitment to returning cash to share owners. The company's guidance for share repurchases in 2014 is unchanged.
The company also announced that the Board of Directors declared a dividend of $0.46 per share on the common stock of the Company, payable on March 17, 2014, to shareowners of record at the close of business on March 4, 2014. The ex-dividend date is February 28, 2014. This is the 357th dividend that Kellogg Company has paid to owners of common stock since 1925.
