Consumer packaged foods company Kraft Foods (NASDAQ: KRFT) announced today its third-quarter dividend of $0.525 per share, a 5% increase from the amount paid to investors  last quarter of $0.50 per share.

The board of directors said the quarterly dividend is payable on October 25 to holders of record at the close of business on October 11. The regular dividend payment equates to a $2.10-per-share annual dividend, yielding 4% based on the closing price today of Kraft Foods' stock.

KRFT Dividend Chart

KRFT Dividend data by YCharts.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. 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.