Del Monte Foods Company Declares Dividend of $0.04 Per Share
Del Monte Foods Company (NYSE: DLM) today announced that its Board of
Directors has declared a cash dividend on its common stock of $0.04 per
share. The dividend is payable on May 1, 2008 to stockholders of record
as of the close of business on April 17, 2008.
About Del Monte Foods
Del Monte Foods is one of the country's largest and most well known
producers, distributors and marketers of premium quality, branded food
and pet products for the U.S. retail market, generating more than $3.4
billion in net sales in fiscal 2007. With a powerful portfolio of brands
including Del Monte®,
StarKist®,
S&W®,
Contadina®,
College Inn®,
Meow Mix®,
Kibbles 'n Bits®,
9Lives®,
Milk-Bone®,
Pup-Peroni®,
Meaty Bone®,
Snausages® and Pounce®,
Del Monte products are found in nine out of ten U.S. households. The
Company also produces, distributes and markets private label food and
pet products. For more information on Del Monte Foods Company (NYSE:DLM)
visit the Company’s website at www.delmonte.com.
Del Monte. Nourishing Families. Enriching Lives. Every Day.™ There can be no assurance that dividends will be declared or paid in
the future. The actual declaration and payment of future
dividends and the establishment of record and payment dates, if any, are
subject to determination by our Board of Directors each quarter after
its review of our then-current strategy, applicable debt covenants and
financial performance and position, among other matters. Our
declaration and payment of future dividends is subject to risks and
uncertainties, including: deterioration of our financial
performance or position; inability to declare a dividend in compliance
with applicable laws or debt covenants; an increase in our cash needs or
decrease in available cash; and the business judgment of the Board of
Directors that a declaration of a dividend is not in Del Monte Foods
Company’s best interests, as well as other
risks that may be detailed, from time to time, in the Company’s
filings with the Securities and Exchange Commission. Factors that
could affect our financial performance or position, compliance with
applicable debt covenants, or our cash flow include those risks and
uncertainties detailed, from time to time, in the Company's filings with
the Securities and Exchange Commission, including its annual report on
Form 10-K and quarterly reports on Form 10-Q.
