FRANKLIN PARK, Ill., Jan. 28 /PRNewswire/ — The Board of Directors of
Dean Foods Company (NYSE: DF) at its regularly scheduled Board Meeting,
authorized a 2 million share increase in its common shares authorized for
repurchase. The purpose of any such repurchases will be to offset dilution
from the Company’s stock option programs and to provide shares to utilize in
acquisitions made for Company common stock. The Board also approved a
quarterly dividend payment of 22 cents per share, which will be paid on
March 15, 2000 to shareholders of record as of February 25, 2000.
Dean Foods is one of the nation’s leading dairy processors and
distributors producing a full line of branded and private label products,
including fluid milk, ice cream and extended shelf life products, which are
sold under the Dean’s and other regional brand names. Dean dips and Marie’s
refrigerated salad dressings are the leading brand names in their respective
categories, while Dean Foods is also the industry leader in pickles and
related products, and non-dairy coffee creamers.
SOURCE Dean Foods Company