Kraft Announced $3B Share Buyback Program

The Board of Directors of Kraft Foods Group.

declared a regular quarterly dividend Tuesday of $0.525 per share of common stock, payable on Jan. 17, 2014, to shareholders of record on Dec. 27, 2013. The Board of Directors also authorized a $3 billion stock repurchase program.  The program, which has no expiration date, is the company's first stock repurchase program since it became an independent public company in October 2012. )