ConAgra Foods Increases Dividend12:41 EDT Friday, September 23, 2011 OMAHA, Neb. (Business Wire) -- In recognition of the company's strong cash flows, the board of directors of ConAgra Foods, Inc., (NYSE: CAG) approved an increase in the company's quarterly dividend from $0.23 per share to $0.24 per share. The annualized dividend will increase to $0.96 per share. The first payment of the new quarterly rate of $0.24 per share will be made on Dec. 1, 2011, to stockholders of record at the close of business on Oct. 31, 2011. ConAgra Foods, Inc., (NYSE: CAG) is one of North America's leading food companies, with brands in 97 percent of America's households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at www.conagrafoods.com. ConAgra Foods, Inc.Media:Teresa Paulsen, 402-240-5210Vice President, Corporate Communicationteresa.paulsen@conagrafoods.comorAnalysts:Chris Klinefelter, 402-240-4154Vice President, Investor Relationschris.klinefelter@conagrafoods.comwww.conagrafoods.com