Kraft Foods Increases Dividend 5%
Consumer packaged foods company Kraft Foodsannounced today its third-quarter dividend of $0.525 per share, a 5% increase from the amount paid to investors last quarter of $0.50 per share.
The board of directors said the quarterly dividend is payable on October 25 to holders of record at the close of business on October 11. The regular dividend payment equates to a $2.10-per-share annual dividend, yielding 4% based on the closing price today of Kraft Foods' stock.
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