Kellogg Company (K) will raise its quarterly dividend by 3.8 percent to $0.54 per share. This marks the 13th consecutive year of dividend increases by the Pringles owner.

The new dividend is payable on September 15, 2017, to shareowners of record at the close of business on September 1, 2017.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company's principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. The company's brands include Pringles, Cheez-It, Keebler, Special K, Kellogg's Frosted Flakes, Pop-Tarts, Kellogg's Corn Flakes, Rice Krispies, Eggo, Mini-Wheats, Kashi and RXBAR.