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Kraft announces $3B buyback program, declares dividend

  • 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)
Comments (3)
  • Gordon Z
    , contributor
    Comments (102) | Send Message
     
    returns over the past six months have badly underperformed
    18 Dec 2013, 07:55 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (491) | Send Message
     
    Strengthening USD.
    18 Dec 2013, 10:02 AM Reply Like
  • Dividend Watcher
    , contributor
    Comments (398) | Send Message
     
    I'd rather they be buying back shares now at a P/E of 16ish than if it were in the 20s. The recent bump in the dividend was a nice bonus and they're working on the debt issue. I think management understands they need to clean up the operation.

     

    I'll sit and collect the 4% dividend for a while. Price can stay right where it is for the next couple years as far as I'm concerned.
    18 Dec 2013, 09:04 PM Reply Like
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