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Article: Heinz Details Superior Value and Growth Plan for Fiscal Years 2007 and 2008.
- Article from:
- Business Wire
- Article date:
- June 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH -- H.J. Heinz Company (NYSE:HNZ):
--$355 million in cost reductions
--$145 million in reduced trade spend
--$1 billion in additional share repurchases over FY07 and FY08
--16.7 percent increase in dividend to $1.40 per common share
--10 percent Earnings Per Share growth for FY07 to $2.35
H.J. Heinz Company (NYSE:HNZ) Chairman, President and CEO William R. Johnson will outline the company's Superior Value and Growth Plan for fiscal years 2007 and 2008, this morning at 8:30 a.m. during its fiscal year 2006 fourth quarter and full-year earnings conference, and later at the Sanford C. Bernstein Strategic ...