Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share on Wednesday, October 14th. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 30th. This is a 4.0% increase from Mondelez International’s previous quarterly dividend of $0.50.
Mondelez International has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Mondelez International has a payout ratio of 62.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.38 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 61.5%.
Mondelez International Stock Performance
Shares of MDLZ opened at $60.25 on Monday. The firm has a market cap of $76.90 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.35 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. Mondelez International has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The firm has a 50 day moving average price of $62.10 and a 200-day moving average price of $60.44.
About Mondelez International
Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.
Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.
Mondelez was established in 2012 following the separation of Kraft Foods’ global snacks business from its North American grocery operations.
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