Kraft declares quarterly dividend
PRNewswire
NORTHFIELD — Kraft Foods Inc. declared a regular quarterly dividend of 29 cents per common share of Class A stock, payable Jan. 13, 2012 to stockholders of record as of Dec. 30.
Kraft plans to split its snacks business and its North American grocery business into two separate companies next year.
Kraft’s global snacks business supplies biscuits, confectionery, beverages, cheese, grocery products and convenience meals in approximately 170 countries, The company’s 2010 revenues were $49.2 billion, and 12 of the company’s brands — Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Tang and Trident — generated revenue of more than $1 billion annually.
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