Kellogg Co. said Friday it is planning to increase its quarterly dividend by 4% to 54 cents a share, starting with the third quarter. The cereal company made the announcement as it declared a dividend of 52 cents a share payable June 15 to shareholders of record as of June 1. Shares were slightly lower Friday, and are down 4% in 2017, while the S&P 500 has gained 6.5%.
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