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Campbell Raises Quarterly Dividend by 10 Percent

CAMDEN, N.J.–(BUSINESS WIRE)–Nov. 18, 2009–
Campbell Soup Company (NYSE:CPB) today announced that the
company’s Board of Directors has approved a 10 percent increase in its
quarterly dividend to $0.275 per share from $0.25 per share, effective
in the second quarter of fiscal 2010. The dividend is payable on Feb. 1,
2010 to shareholders of record at the close of business on Dec. 30, 2009.

Douglas R. Conant, Campbell’s President and Chief Executive Officer,
said, “This marks the sixth consecutive year we’ve increased our
dividend and reflects our confidence in the long-term growth prospects
of Campbell, as well as our ongoing commitment to creating shareowner
value.”

Campbell has paid dividends since the company 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, 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.” For more information on the company, visit
Campbell’s website at www.campbellsoup.com.

Source: Campbell Soup Company

Campbell Soup Company
Anthony Sanzio (Media)
856-968-4390
or
Jennifer
Driscoll (Analysts)
856-342-6081