Kraft announces $3B buyback program, declares dividend

|About: The Kraft Heinz Company (KHC)|By:, SA News Editor

Kraft Foods Group's (KRFT) board has authorized a $3B stock repurchase program, the first buyback scheme since the packaged-food company split into two last year. The program has no expiration date.

Kraft has also declared a regular quarterly dividend of 52.5 cents a share, which the company will pay on January 17 to shareholders of record on December 27. (PR)