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WK Kellogg Co Announces Dividend Increase

1. WK Kellogg Co raised quarterly dividend by 3% to $0.165 per share. 2. Dividend increase demonstrates company's strong financial position and sustainability efforts. 3. Ex-dividend date is February 28, 2025, impacting investor decisions. 4. The company promotes wellness through its diverse brand portfolio. 5. KLG's strategy aims for positive community impact while ensuring consumer satisfaction.

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FAQ

Why Bullish?

The dividend increase reflects strong cash flow, which may attract investors and boost KLG's stock price. Similar past increases positively impacted stock valuations in the sector.

How important is it?

A dividend increase indicates financial health and investor confidence, critical for KLG's shareholder base. This can attract new investments and strengthen existing stakeholder trust.

Why Short Term?

The immediate effect will be seen on the stock price around the ex-dividend date. Historically, dividend announcements lead to short-term stock appreciation.

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KKMBHSY
, /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that its Board of Directors has approved an increase in its quarterly dividend to $0.165 per share on the common stock of WK Kellogg Co, an increase of 3% from the prior quarterly dividend of $0.16 per share. The quarterly dividend is payable on March 14, 2025, to shareowners of record at the close of business on February 28, 2025. The ex-dividend date is February 28, 2025. About WK Kellogg Co At WK Kellogg Co, we bring our best to everyone, every day through our trusted foods and brands. Our journey began in 1894, when our founder W.K. Kellogg reimagined the future of food with the creation of Corn Flakes, changing breakfast forever. Our iconic brand portfolio includes Kellogg's Frosted Flakes®, Rice Krispies®, Froot Loops®, Kashi®, Special K®, Kellogg's Raisin Bran®, and Bear Naked®. With a presence in the majority of households across North America, our brands play a key role in enhancing the lives of millions of consumers every day, promoting a strong sense of physical, emotional and societal wellbeing. Our beloved brand characters, including Tony the Tiger® and Toucan Sam®, represent our deep connections with the consumers and communities we serve.  Through our sustainable business strategy – Feeding HappinessTM – we aim to build healthier and happier futures for families, kids and communities. We are making a positive impact, while creating foods that bring joy and nourishment to consumers. For more information about WK Kellogg Co and Feeding Happiness, visit www.wkkellogg.com.  SOURCE WK Kellogg Co WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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