Kellogg: Declares Share Repurchase, Regular Dividend

Battle Creek / MG. (kc) Kellogg Company announced that its Board of Directors approved a share repurchase authorization of up to 1,5 billion USD, which expires on January 02, 2016, the end of the company´s 2015 fiscal year. This authorization supersedes the existing authorization and represents the company´s commitment to returning cash to share owners. The company´s guidance for share repurchases in 2014 is unchanged. The company also announced that the Board of Directors declared a dividend of 0,46 USD per share on the common stock of the Company, payable on March 17, 2014, to share-owners of record at the close of business on March 04, 2014. The ex-dividend date is February 28, 2014. This is the 357th dividend that Kellogg has paid to owners of common stock since 1925, the Company said in its short release.