This morning H.J. Heinz (HNZ) raised its dividend 7.29% from $.48 to $.515 per quarter. HNZ is closing in on becoming a dividend contender, the streak now stands at 9 years. The company also released its Q4 earnings which showcases its focus on emerging markets. HNZ forecasts emerging markets to contribute 25% of sales in 2013. While the company is famous for ketchup they produce many other food products including Classico spaghetti sauce and Bagel Bites. HNZ uses an acquisition strategy to penetrate markets such as Brazil and China beyond ketchup.
Yet another strong dividend increase, 2012 is exceeding my expectations.