Kraft Raises Quarterly Dividend 5% to $0.525/Share
On its one-year anniversary as an independent company, Kraft Foods Group, Inc. (NASDAQ: KRFT) today announced that its Board of Directors approved a regular quarterly dividend of $0.525 per share of common stock, an increase of 5 percent versus the prior rate of $0.50 per share. This dividend is payable on Oct. 25, 2013 to shareholders of record as of Oct. 11, 2013.
"We are out to consistently prove Kraft is the best investment in our industry," says Kraft CEO Tony Vernon. "Today's dividend increase reflects our commitment to return cash to our shareholders and is consistent with our plans to consistently grow our dividend at a mid-single digit rate over time."