Investors in Kraft Foods Group are set to receive larger dividend payouts. The food and beverage company is boosting its quarterly dividend by 5 percent to 52.5 cents per share from 50 cents.
Kraft Foods, which produces brands including Jell-O, Oscar Mayer and Maxwell House, said late Tuesday that the dividend will be paid Oct. 25 to shareholders of record on Oct. 11.
Kraft Foods split from Mondelez International last year. The split was intended to help the two companies each focus on a more targeted lineup of brands. Kraft Foods carries the North American grocery brands, while Mondelez handles the global snack brands such as Oreo, Chips Ahoy and Cadbury chocolates.