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Pinnacle Foods Inc. announces quarterly dividend

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    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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    Emily Bader

    Emily Bader

    Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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