Campbell Resets Dividend to Speed up Balance-Sheet Deleveraging
Dow Jones
Sep 03
Campbell's is cutting its quarterly dividend by 36% to 25 cents a share, down from 39 cents, as the company prioritizes debt reduction following a challenging fiscal 2026. The move comes alongside a fourth-quarter loss of 23 cents a share and a 5% decline in full-year net sales to $9.7 billion. CEO Mick Beekhuizen acknowledged performance isn't where it needs to be and said the company is taking decisive action. Full-year cash flow from operations totaled $1 billion, with the company returning $496 million to shareholders primarily through dividends
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