January 4, 2010 (FinancialWire) — Pro-Fac Cooperative, Inc. (NASDAQ: PFACP), an agricultural cooperative, has declared a $.20 per share dividend, payable February 1, 2010, to shareholders of record of its class A cumulative preferred stock at the close of business on January 15, 2010.

On December 23, 2009 Pro-Fac received a distribution of approximately $238 million from Birds Eye Holdings, LLC upon the closing of the sale of Birds Eye Foods, Inc. to the Pinnacle Foods Group.

The Pro-Fac board of directors said it will be evaluating potential uses for the cash received from this transaction, including distributions to Pro-Fac members and other stakeholders, and expects to make a further announcement when a course of action is determined.

New York-based Pro-Fac Cooperative markets crops grown by its member-growers.

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