Kraft Foods Group 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.
These are the only two dividends Kraft has paid since it split itself into two last October. Its spinoff firm, Mondelez concentrates generally on snack offerings and trades independently. Kraft's assets are, for the most part, popular American grocery items such as Oscar Mayer deli meats and Velveeta processed cheese.
The dividend annualizes to an even $2.00 per share. That yields 4.1% at Kraft's current stock price of $49.19.
The article Kraft Declares Its First Dividend of 2013 originally appeared on Fool.com.Fool contributor Eric Volkman 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.
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