DALLAS, Nov. 8, 2018 /PRNewswire/ -- Dean Foods
Company (NYSE:DF) announced today that its Board of Directors
declared a quarterly dividend of $0.03 per share, or
$0.12 per share on an annualized
basis, compared to a previous quarterly cash dividend of
$0.09 per share. The dividend is
payable on December 4, 2018, to stockholders of record at the
close of business on November 19, 2018.
We made the reduction to better align the Company's dividend to
levels consistent with comparable companies. We believe our
dividend reflects the Company's ongoing commitment to returning
appropriate capital to our stockholders.
ABOUT DEAN FOODS
Dean Foods® is a leading food and beverage company and the largest
processor and direct-to-store distributor of fluid milk and other
dairy and dairy case products in the
United States. Headquartered in Dallas, Texas, the Dean Foods portfolio
includes DairyPure®, the country's first and largest fresh, white
milk national brand, and TruMoo®, the leading national flavored
milk brand, along with well-known regional dairy brands such as
Alta Dena®, Berkeley Farms®, Country Fresh®, Dean's®, Friendly's®,
Garelick Farms®, LAND O LAKES®* milk and cultured products*, Lehigh
Valley Dairy Farms®, Mayfield®, McArthur®, Meadow Gold®, Oak
Farms®, PET®**, T.G. Lee®, Tuscan® and more. Dean Foods also has a
joint venture with Organic Valley®, distributing fresh organic
products to local retailers. In all, Dean Foods has more than 50
local and regional dairy brands and private labels. Dean Foods also
makes and distributes ice cream, cultured products, juices, teas,
and bottled water. Almost 16,000 employees across the country work
every day to make Dean Foods the most admired and trusted provider
of wholesome, great-tasting dairy products at every occasion. For
more information about Dean Foods and its brands, visit
www.deanfoods.com.
*The LAND O LAKES brand is owned by Land O'Lakes, Inc. and is
used by license.
**PET is a trademark of Eagle Family Foods Group LLC, under
license.
CONTACT: Investor Relations/External Communications,
Suzanne Rosenberg, +1 214-303-3438.
Media please contact +1 214-721-7766 or media@deanfoods.com.
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SOURCE Dean Foods Company