Kellogg (K) Boosts Dividend for Third Quarter

Starting in the third quarter, shareholders in Kellogg (NYSE:K) will enjoy an increase of 6.2 percent in their quarterly dividends.

With investors looking for consistency in the volatile markets, dividends are increasingly being considered the deal-closer for investing in a number of stocks.

Kellogg will pay its regular 40.5 cents quarterly dividend on June 15. After that, the quarterly dividend will increase to 43 cents a share, which will cost the company an additional $36.7 million a year

For the company, apparent improvements in the economy, even though weak, has made them and others feel they don't need to hold as much cash as in the past.

Kellogg closed Friday at $57.27, gaining $0.43, or 0.76 percent.