Parsippany-based Pinnacle Foods Inc. announced Friday that its board of directors has declared a quarterly cash dividend.
According to the announcement, the dividend of 22 cents per share will be payable on July 8, 2014 to shareholders of record as of June 2, 2014.
Last week, Pinnacle entered into an agreement to sell its company to the Hillshire Brands for $6.6 million. Hillshire will acquire all shares of Pinnacle, while Pinnacle stockholders will receive $18.000 for each share they have.
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