Hershey declares quarterly dividends of $1.370 per common share

HERSHEY, Pa. - The Hershey Company (NYSE:HSY), a $37.7 billion confectionery giant currently trading at $186.23, announced today that its Board of Directors has declared quarterly dividends of $1.370 per share on Common Stock and $1.245 per share on Class B Common Stock. The company maintains a healthy 2.94% dividend yield, according to InvestingPro data.

The dividends, declared on Tuesday, will be payable on September 15, 2025, to stockholders of record as of August 15, 2025, according to a press release statement from the company.

This marks the 382nd consecutive regular dividend payment on Hershey’s Common Stock and the 163rd consecutive regular dividend on the Class B Common Stock.

The Pennsylvania-based chocolate and confectionery manufacturer continues its long-standing dividend payment history, maintaining its commitment to returning value to shareholders.

The Board of Directors made the dividend declaration during their meeting held on July 29, 2025.

In other recent news, Hershey has announced a price increase on its candies due to the rising costs of cocoa, a critical ingredient for the company. This decision is independent of tariffs or trade policies and is driven by the unprecedented surge in cocoa prices. Meanwhile, Piper Sandler has adjusted its price target for Hershey to $145, maintaining an Underweight rating as the company prepares to release its second-quarter 2025 earnings. The focus for investors will likely be on Hershey’s outlook for 2026. Additionally, there have been significant changes in the company’s leadership, with Kirk Tanner, former Wendy’s CEO, set to take over as Hershey’s CEO on August 18, 2025. This transition follows Michele Buck’s earlier announcement of her retirement. In light of this development, Mizuho has reiterated its Neutral rating with a $155 price target, noting Tanner’s background as a positive factor. Similarly, Bernstein SocGen Group has maintained its Market Perform rating and $155 price target, acknowledging the CEO transition. Wells Fargo, however, continues to hold an Underweight rating with a $135 price target on Hershey.

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