The soup maker will also close two snack plants and cut its dividend as CEO Mick Beekhuizen said the company needs to take “decisive action.”

The soup maker will also close two snack plants and cut its dividend as CEO Mick Beekhuizen said the company needs to take “decisive action.”

The soup maker's board approved a quarterly dividend of $0.25 per share, down from $0.39, to speed up debt reduction