2011 H.J. Heinz Company Annual Report and 10-K

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Overall, Heinz has delivered a total shareholder return of more than 46% over the last five fiscal years, three times the return of the S&P  500. — William R. Johnson. Chairman, President and Chief Executive Officer.

Dear Fellow Shareholder:

I am pleased to report that Heinz delivered record results in Fiscal 2012 as we successfully adapted to the changing and challenging consumer and economic environment while driving impressive growth in Ketchup & Sauces and Emerging Markets.

In the year ending April 29, 2012, Heinz:

Annual divident per share graph

Importantly, we increased the annualized common stock dividend for Fiscal 2013 by more than 7% to $2.06 per share. This increase reflects our solid results over the past seven years and continued confidence in our proven growth plan. It marks our ninth consecutive year of dividend growth, during which time we will have returned more than $5 billion in dividends to shareholders.

(1) Cash from operations less capital expenditures net of proceeds from disposal of PP&E