Kraft Boosts Quarterly Dividend by 5% to 52.5 Cents

Kraft Foods Group Inc., the North American packaged foods company that split off its snacks business last year, said it will boost its quarterly dividend by 5 percent to 52.5 cents a share.

“Today’s dividend increase reflects our commitment to return cash to our shareholders and is consistent with our plans to consistently grow our dividend at a mid-single digit rate over time,” Chief Executive Officer Tony Vernon said in a statement.