Today Wm. Wrigley Jr. Co. (WWY), a Dividend Aristocrat, announced it was raising prices in the U.S. by an average of 10%. As the news was announced early this afternoon, the stock began moving higher as noted in the 1-day chart below. Wrigley was the top performing aristocrat today.
(click on graph for larger image)
On a longer term basis, WWY stock price has struggled to keep pace with the general market, but with a new CEO, maybe this is the stimulus the company needed.
Wrigley is a dividend aristocrat and patient investors have collected increasing dividends as the company is likely transitioning into a brighter earnings future.
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