Shares in Campbell Soup (CPB) have dropped by 25.0% in the past 12 months and are now trading at $45.51. While this huge drop in share price isn't great news for investors already holding shares, it does provide those looking for an entry point with a multi-year high dividend yield of 3.08%, which is quite impressive in today's market.
CPB's recent purchase of Snyder's-Lance (NASDAQ:LNCE) will increase the company's debt level by around $6.2 billion, which is quite a lot considering the fact CPB currently has only $3.46 billion in long-term debt, a number which has been slowly but surely decreasing in recent years.
