Tupperware Q4 Sales and Dividend Rise
Tupperware's just-released Q4 and 2012 results revealed that the company's net profit came in at $74.5 million ($1.34 per diluted share), against the nearly $87 million ($1.50 diluted EPS) it posted the same quarter the year before. Sales amounted to $711 million, compared to Q4 2011's $676 million.
For the full year, net income was $193 million ($3.42 diluted EPS), a 12% year-over-year decline. Sales were $2.6 billion.
Although profit in both instances was lower on an annual basis, the company announced a sharp increase in its dividend. It will pay $0.62 per share April 5 to shareholders of record as of March 20. That amount is a 72% increase over the previous payout of $0.36.
The article Tupperware Q4 Sales and Dividend Rise originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Tupperware. The Motley Fool owns shares of Tupperware. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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