FRANKLIN PARK, Ill., July 28 /PRNewswire/ — The Board of Directors of
Dean Foods Company (NYSE: DF) today voted to increase the quarterly dividend
rate to 22.5 cents per share from 22 cents, a 2.4% increase. This is the
twenty-eighth increase in the dividend rate by Dean since 1974. It will be
paid on September 15, 2000 to shareholders of record as of August 25, 2000.
The Company has paid a dividend for 57 consecutive years.
Mr. Howard M. Dean, Chairman, said, “The action taken today by the Board
of Directors is consistent with the Company’s long-term strategy of increasing
shareholder wealth.”
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 strong regional brand names. Dean Foods is
the industry leader in other food products including pickles, powdered
non-dairy coffee creamers, aseptically packaged foodservice products, and
refrigerated dips and salad dressings.
SOURCE Dean Foods Company
Company News On-Call: http://www.prnewswire.com/comp/109161.htmlor fax, 800-758-5804, ext. 109161
CONTACT: Barbara Klein, Vice President, Finance & CFO, or WilliamLuegers, Treasurer, 847-678-1680, both of Dean Foods
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