ConAgra Foods (CAG) will raise its quarterly dividend from $0.24 to $0.25 per share. It's the 4th consecutive year of dividend increases by the Chicago based food manufacturer. In 2006 ConAgra Foods cut its dividend by 34.1%.

ConAgra Foods, Inc., operates as a packaged food company. The Company sells branded and customized food products, as well as commercially branded foods. It also supplies vegetable, spice and grain products to a range of restaurants, foodservice operators and commercial customers. Conagra’s brands include Marie Callender's, Reddi-wip, Hunt's, Healthy Choice, Slim Jim and Orville Redenbacher's, as well as emerging brands, including Alexia, Blake's, Frontera and Duke's.