Campari Boosts Dividend After Focus on Strongest Brands Pays Off

Davide Campari-Milano NV raised its dividend and said its plan to focus on its strongest brands was paying off, sending the stock to its biggest gain in four months.

Sales of Aperol and Espolon tequila are expanding in the US as the company disposes of weaker brands, Chief Executive Officer Simon Hunt said in an interview on Bloomberg Television. That’s helped Campari deleverage sooner than it expected, with more debt reduction in store.