Mondelēz International Declares Quarterly Dividend and Authorizes Additional $4 Billion of Share Repurchases
The Board of Directors of Mondelēz International (NASDAQ: MDLZ) declared a quarterly dividend of $0.315 per share, payable on January 14, 2021, to shareholders of record as of December 31, 2020.
Additionally, the Board approved a $4 billion increase to its share repurchase program, extending it for three years, now set to expire on December 31, 2023. The total authorization for share repurchases now stands at approximately $6 billion, allowing flexible buybacks based on market conditions.
- Quarterly dividend of $0.315 enhances shareholder value.
- Share repurchase program increase by $4 billion indicates strong financial health and commitment to shareholder returns.
- None.
CHICAGO, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (NASDAQ: MDLZ) today declared a regular quarterly dividend of
The Board of Directors also approved an extension of the company’s share repurchase program for an additional three years to December 31, 2023, replacing the existing authorization which was set to expire on December 31, 2020. In conjunction with this extension, the Board of Directors approved a
About Mondelēz International
Mondelēz International, Inc. (NASDAQ: MDLZ) empowers people to snack right in over 150 countries around the world. With 2019 net revenues of approximately
Contact: | Tom Armitage (Media) | Shep Dunlap (Investors) |
+1 847 943 5678 | +1 847 943 5454 | |
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FAQ
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