The comestibles giant keeps its payout level.
Kraft Foods Group (KRFT.DL) has declared its inaugural quarterly dividend for 2013. The company will pay $0.50 per share of common stock on April 12 to shareholders of record as of March 29. This amount matches the company's previous dividend, which was handed out last December.
(MDLZ -0.64%)
The dividend annualizes to an even $2.00 per share. That yields 4.1% at Kraft's current stock price of $49.19.
Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
