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ConAgra Foods Announces 15% Dividend Increase

OMAHA, Neb., Sep 21, 2010 (BUSINESS WIRE) -- Reflecting the company's strong cash flows and commitment to a top-tier dividend payout, the board of directors of ConAgra Foods, Inc., (NYSE: CAG) approved a dividend increase by raising the quarterly dividend 15% to $0.23 per share from $0.20 per share currently. On an annualized basis, the dividend increases to $0.92 per share from $0.80 per share. The first payment of the new quarterly rate of $0.23 per common share will be paid on Dec. 1, 2010, to stockholders of record at the close of business on Oct. 29, 2010.

ConAgra Foods, Inc., (NYSE: CAG) is one of North America's leading food companies, with brands in 97 percent of America's households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at http://www.conagrafoods.com.

SOURCE: ConAgra Foods, Inc.

ConAgra Foods, Inc.
Media:
Teresa Paulsen, 402-240-5210
Vice President, Corporate Communication
teresa.paulsen@conagrafoods.com
or
Analysts:
Chris Kliefelter, 402-240-4154
Vice President, Investor Relations
chris.klinefelter@conagrafoods.com
http://www.conagrafoods.com
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