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Press release from Business Wire

Campbell Raises Quarterly Dividend by 5 Percent

Thursday, November 18, 2010

Campbell Raises Quarterly Dividend by 5 Percent12:21 EST Thursday, November 18, 2010 CAMDEN, N.J. (Business Wire) -- Campbell Soup Company (NYSE:CPB) today announced that the company's Board of Directors has approved a 5-percent increase in its quarterly dividend to $0.29 per share from $0.275 per share, effective in the second quarter of fiscal 2011. The dividend is payable on Jan. 31, 2011 to shareholders of record at the close of business on Dec. 27, 2010. This marks the seventh consecutive year Campbell has increased its dividend. The company has paid dividends since it became public in 1954. About Campbell Soup Company Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup and sauces, baked snacks and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell's,” “Pepperidge Farm,” “Arnott's” and “V8.” Through its corporate social responsibility program, the company strives to make a positive impact in the workplace, in the marketplace and in the communities in which it operates. Campbell is a member of the Standard & Poor's 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoup.com. Campbell Soup CompanyAnthony Sanzio (Media)(856) 968-4390orJennifer Driscoll (Analysts/Investors)(856) 342-6081