Conagra raises dividend by 5.6%

Conagra Brands Inc. CAG, +0.15% announced a 5.6% dividend hike on Friday. A quarterly dividend of 33 cents per share will be paid on September 1, 2022 to shareholders of record as of the close of business on August 3, 2022. Conagra stock is down 2.8% for the year to date while the S&P 500 index SPX, +0.99% has slumped 16.1% for the period. See also: Conagra misses on sales, gives profit guidance below Street expectations