Kraft Foods announces dividend of US$0.525/common share, payable Oct. 25 to shareholders as of Oct. 11
October 2, 2013
– 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."
ABOUT KRAFT FOODS GROUP
Kraft Foods Group, Inc. (NASDAQ: KRFT) is one of North America's largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion. With the spirit of a startup and the soul of a powerhouse, Kraft has an unrivaled portfolio of products in the beverages, cheese, refrigerated meals and grocery categories. Its iconic brands include Kraft, Maxwell House, Oscar Mayer, Philadelphia, Planters, Velveeta, Capri Sun, JELL-O and Lunchables. Kraft's 23,000 employees in the U.S. and Canada have a passion for making the foods and beverages people love. Kraft is a member of the Standard & Poor's 500 and the NASDAQ-100 indices. For more information, visit www.kraftfoodsgroup.com and www.facebook.com/kraft.