Northfield / IL. (kf) The Board of Directors of Kraft Foods Inc. has declared a regular quarterly dividend of 0,29 USD per common share of Class A stock, an increase of 7,4 percent from the previous quarter´s dividend. This dividend is payable on October 08, 2008, to stockholders of record as of September 24, 2008.
«As our top-line momentum begins to translate to bottom-line growth, we´re increasing our dividend consistent with our long-term earnings growth guidance», said Irene Rosenfeld, Chairman and Chief Executive Officer. «We´re confident in our progress, and despite a challenging economic environment, our results demonstrate that we can cover higher costs, strengthen brand equities and deliver improved financial results».
For more than a century, Kraft has offered delicious foods and beverages that fit the way consumers live. Millions of times a day in more than 150 countries, consumers reach for their favorite Kraft brands, including nine with revenues exceeding one billion USD. Kraft is one of the world´s largest food and beverage companies with annual revenues exceeding 37 billion USD, more than 100’000 employees and more than 180 manufacturing and processing facilities globally. The company is a member of the Standard + Poor´s 500 index as well as the Dow Jones Sustainability Index and Ethibel Sustainability Index.
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