Thursday, May 31, 2007

Heinz posts higher quarterly profit

(Reuters) - The company, whose products also include Ore-Ida potatoes and Smart Ones frozen meals, said fourth-quarter profit was $181 million, or 55 cents per share. in line with analysts' average estimate as compiled by Reuters Estimates, compared with $167.9 million, or 50 cents a share, a year earlier.



Heinz also increased its common stock dividend by 8.6 percent to $1.52 per share annually. It set a quarterly dividend of 38 cents per share.


Read more at Reuters.com Market News

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