Mondelez hikes dividend by 11.1%
Mondelez International (MDLZ) will raise its quarterly dividend by 11.1 percent to 35 cents per share in 2021. This follows a dividend hike of 10.5 percent announced in 2020 and also marks the food and beverage company's 9th consecutive year of annual dividend increases.
The increases dividend is payable on October 14, 2021, to shareholders recorded as of September 30, 2021. A new annual rate of $1.40 per share yields 2.2% at a stock price of $65.23.
Mondelez International, Inc. is a global snack company. The company manufactures and makes and sells primarily snacks, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy as well as various cheese & grocery and powdered beverage products. Its brands include Cadbury, Milka and Toblerone chocolate; Oreo, belVita and LU biscuits; Halls candy; Trident gum and Tang powdered beverages. The company's operations and management structure are organized into four operating segments: 1. Latin America, 2. Asia, Middle East, and Africa, 3. Europe and 4. North America. Kraft Foods Inc. changed its name to Mondelēz International, Inc. on October 1, 2012 following the spin-off of Kraft Foods Group.
