The Hershey Company (HSY) will raise its quarterly dividend by 15.5 percent to $0.485 per share in 2013. Last year the company hiked its dividend from $0.345 to $0.42 quarterly per share.
The Hershey Company is a global chocolate and non-chocolate confectionery manufacturer. Hershey's products include chocolate, sweets, mints, gum and other snacks such as spreads, meat snacks, bars and snack bites and mixes, popcorn and protein bars and cookies. The company's brands include Hershey’s, Reese’s, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat®, Lancaster, Payday, Rolo®, Twizzlers, Whoppers and York. Hershey's gum and mint products include Ice Breakers mints and chewing gum, Breathsavers mints and Bubble Yum bubble gum. Other brands are Krave meat snack products, Popwell half-popped corn snacks, ready-to-eat SkinnyPop popcorn, baked and trans fat free Pirate's Booty snacks and Oatmega and Paqui. Hershey was incorporated under the laws of the State of Delaware on October 24, 1927 as a successor to a business founded in 1894 by Milton S. Hershey.