Kraft Foods Announces Quarterly Dividend
- March 17, 2010
- Dividend Aristocrats, Dividend News
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Kraft Foods (KFT: 38.88 +0.78%) announced a regular quarterly dividend today of $.29 per share.
Kraft Food’s current dividend yield now stands at 3.9% and ranks 6th among the Dow Jones stock components.
The dividend will be payable on April 14, 2010 to shareholders of record as of March 31, 2010.
The company currently pays out approximately $1.72 billion each year in dividend payments, but the food giant generated $3.8 billion in free cash flow in 2009.
Wall Street expects Kraft’s earnings to grow slightly in 2010 to $2.10 per share. At the current dividend rate, Kraft’s dividend payout ratio is a comfortable 55% of expected 2010 earnings.
