Mondelez Boosts Dividend by 11%
Provided by
Dow Jones
By Paul Ziobro
Mondelez raised its quarterly dividend by 11%, about a year after its last increase.
The snacking company behind Oreo cookies and Ritz crackers said Tuesday that its board increased the cash dividend to 47 cents a share from 42.5 cents.
The new payout, equal to $1.88 a year, represents an annual yield of about 2.8%, based on Tuesday's closing price of $67.05.
The dividend is payable on Oct. 14 to shareholders of record as of Sept. 30.
The company last announced a dividend increase in July 2023.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
July 30, 2024 17:03 ET (21:03 GMT)
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