Kraft raises quarterly dividend 8%

by FoodBusinessNews.net Staff
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NORTHFIELD, ILL. — The board of directors of Kraft Foods Inc. declared a regular quarterly dividend of 27c per common share of Class A stock, an 8% increase from the previous quarter’s dividend. This dividend is payable on Oct. 5 to stockholders of record as of Sept. 10.

"We’re increasing our dividend consistent with our long-term earnings guidance and executing our previously announced share repurchase program, while also investing in the future of our business," said Irene Rosenfeld, chairman and chief executive officer. "These actions reflect our confidence that we're making good progress in returning Kraft to reliable growth."

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