Income from continuing operations for the quarter was $63.3m, or $0.31 diluted earnings per share from continuing operations (EPS), compared to $68.8m, or $0.35 EPS in the previous year.
Results for the fourth quarter fiscal 2009 included the positive impact of the extra week.
Company ended fiscal 2010 with Net Debt to Adjusted Ebitda at 2.0x. Company announces that its board of directors has approved an 80% increase in the quarterly dividend from $0.05 to $0.09 per common share and a 3-year, $350m share repurchase authorisation, reflecting company’s confidence in a higher ongoing level of performance.
Source: Del Monte Foods
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