Campbell Raises Quarterly Dividend by 10 Percent

Campbell Soup Company (NYSE:CPB) today announced that the company's Board of Directors has approved a 10 percent increase in its quarterly dividend to $0.275 per share from $0.25 per share, effective in the second quarter of fiscal 2010. The dividend is payable on Feb. 1, 2010 to shareholders of record at the close of business on Dec. 30, 2009.

Douglas R. Conant, Campbell’s President and Chief Executive Officer, said, “This marks the sixth consecutive year we’ve increased our dividend and reflects our confidence in the long-term growth prospects of Campbell, as well as our ongoing commitment to creating shareowner value.”

Campbell has paid dividends since the company became public in 1954.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” and “V8.” For more information on the company, visit Campbell’s website at www.campbellsoup.com.