CAMDEN, N.J. — The board of directors for the Campbell Soup Co. has approved a 10% increase in the company’s quarterly dividend to 27.5c per share from 25c per share, effective in the second quarter of fiscal 2010. The dividend is payable on Feb. 1, 2010, to shareholders of record as of Dec. 30, 2009.

"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," said Douglas Conant, president and chief executive officer.