Pinnacle Foods, the maker of Hungry-Man frozen foods, Vlasic pickles and many other brand names, has an appetite for more food acquisitions now that trading has begun in its stock.
In addition to M&A, CEO Bob Gamgort told CNBC on Thursday that high dividends are also core to his strategy.
Gamgort spoke after
"Dividends are a part of the attraction of the sector," Gamgort told CNBC's "Squawk on the Street."
"Our dividend payment is reflective of the incredible free cash flow we have. We can pay a 3.8 percent dividend yield and yet have a tremendous amount of cash flow to invest in the company, to pay down and debt, to pursue M&A."