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Stock Market & Financial Investment News

News Breaks
July 25, 2014
13:17 EDTKKellogg increases dividend by 6.5% to 49c
Kellogg announced that its Board of Directors declared a dividend of 49c per share on the common stock of the company. As the company previously announced in April, this reflects a 6.5% increase to the quarterly dividend. The dividend is payable on September 15 to shareowners of record at the close of business on September 2. The ex-dividend date is August 28.
News For K From The Last 14 Days
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June 16, 2015
09:22 EDTKFDA gives food makers three years to remove partially hydrogenated oils
The FDA announced it has finalized its determination that partially hydrogenated oils, or PHOs, the primary dietary source of artificial trans fat in processed foods, are not “generally recognized as safe” or GRAS for use in human food. Food manufacturers will have three years to remove PHOs from products. In 2013, the FDA made a tentative determination that PHOs could no longer be considered GRAS and is finalizing that determination after considering public comments. The FDA has set a compliance period of three years. This will allow companies to either reformulate products without PHOs and/or petition the FDA to permit specific uses of PHOs. Following the compliance period, no PHOs can be added to human food unless they are otherwise approved by the FDA. Publicly traded food manufacturers include Mondelez (MDLZ), Kraft Foods (KRFT), General Mills (GIS), Hershey (HSY), PepsiCo (PEP), Kellogg (K), ConAgra (CAG) and Campbell Soup (CPB).

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