
Dividend increases aren’t the only thing the Kellogg Company (NYSE: ) is known for. For anyone over the age of two, Snap, Crackle and Pop are very familiar characters. Since 1933 the three elf characters have been the spokesmen for Kellogg’s Rice Krispies. Snap, the baker, is the oldest and the problem solver. Crackle, middle child with no distinguishable occupation, is the good-hearted leader of the group. Pop, the marching band leader, is the clumsy younger child. He plays jokes, doesn’t take things seriously.
This past week Kellogg’s led the way with its cash dividend increase and was joined by several other companies:
Kellogg Company (NYSE: ) is a leading producer of ready-to-eat cereal, and also sells convenience foods such as cookies, crackers, cereal bars, fruit snacks, and frozen waffles. Recently, the company declared a dividend of $0.375/share, payable on September 15, 2009, to shareholders of record at the close of business on September 1, 2009. This is the 339th consecutive quarter since 1925 that Kellogg Company has paid a dividend. The current yield based on the new dividend is 3.15%.
Inergy Holdings, L.P. (NasdaqGS: ) is engaged in the investment in propane and other natural gas liquids companies. This past week, the company announced an 4% increase in its quarterly cash distribution to $0.78/unit for the quarter ended June 30, 2009. The distribution will be paid on August 14, 2009, to unitholders of record as of August 7, 2009.