Market News
02Sep2005 |
Kraft Foods Sweetens Quarterly Dividend AgainWell into a three-year restructuring effort begun in early 2004 to cut costs and boost investment in its brands, Kraft Foods Inc. recently sweetened its quarterly common dividend, for the fourth year in a row. The new disbursement on Class A and Class B stock will be 23 cents, up 12% from 20.5 cents. The company's CEO announced that this dividend increase reflects confidence in the company's ability to grow cash-flow and its commitment to returning value to shareholders. Source: September 2nd.,2005. 
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