SRL Sara Lee Corp

 
TIDMSRL 
 
 

At Sara Lee Corp.'s (NYSE: SLE) annual meeting of stockholders, held today in Oak Brook, Ill., management reviewed the company's results over the past year and discussed future strategies to deliver stockholder value.

Also, the board of directors today declared a regular quarterly dividend of $.115 per share on the company's common stock. This represents an increase of 4.5 percent, for an annualized dividend pay-out of $0.46 per common share. The dividend is payable on Dec. 31, 2010, to stockholders of record at the close of business on Dec. 1, 2010. The board decided to accelerate the payment of the dividend by one week so that stockholders can benefit from the lower dividend tax rate that is currently set to expire at calendar year end. Sara Lee Corp. has paid quarterly dividends to its stockholders continuously for more than 60 years, and today's announcement represents the 259th consecutive quarterly dividend declared by the corporation.

Finally, the company announced the preliminary results of stockholder voting, which are as follows:

 
 
    -- Stockholders elected all 11 incumbent directors to serve 

one-year terms on Sara Lee's board of directors.

 
    -- Stockholders ratified the appointment of PricewaterhouseCoopers LLP as 

Sara Lee's independent auditor for fiscal 2011.

About Sara Lee Corporation

Each and every day, Sara Lee (NYSE: SLE) delights millions of consumers and customers around the world. The company has one of the world's best-loved and leading portfolios with its innovative and trusted food and beverage brands, including Ball Park, Douwe Egberts, Hillshire Farm, Jimmy Dean, Sara Lee and Senseo. Collectively, our brands generate nearly $11 billion in annual net sales. Sara Lee has approximately 33,000 employees in its continuing operations worldwide. Please visit www.saralee.com for the latest news and in-depth information about Sara Lee and its brands.

 
Sara Lee Corp. 
Media: Alissa Bolton, +1.630.598.8123 
Analysts: Aaron Hoffman, +1.630.598.8739 
 
 
 
 
 

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