The Associated Press

OMAHA, Neb. (AP) -- The restructuring at ConAgra Foods Inc. is starting to pay off, but CEO Gary Rodkin says there's still more work ahead for the packaged-food company.

The maker of Healthy Choice, Banquet, Hunts and other brands held its annual meeting in Omaha on Friday, and shareholders approved all four of the routine items on the agenda, including incentive plans and board elections.

Rodkin told shareholders he's proud of the progress the company has made, especially in the difficult economy of the past year.

ConAgra also announced plans to increase its quarterly dividend to 20 cents per share from 19 cents. That's significantly lower than the 27.25 cents per share ConAgra paid before slashing the dividend in 2006 to free up cash for more spending on marketing.

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On the Net:

ConAgra Foods Inc.: www.conagrafoods.com

Copyright 2009 The Associated Press.

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