Shares of Hershey (HSY) are bouncing back after pre-market trading on Thursday, gaining over 5%. The company's results and full-year guidance for 2024 have been weighed down by rising cocoa prices. However, the food company did announce it was raising it quarterly dividends by 15%. Yahoo Finance Anchors Rachelle Akuffo and Akiko Fujita break down the latest development for Hershey and what it means for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
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