Kraft Foods declares dividend of 29 cents

Kraft Foods declares quarterly dividend of 29 cents per share

Associated Press

NORTHFIELD, Ill. (AP) -- Kraft Foods Inc. is declaring a quarterly dividend of 29 cents per share.The food company, whose brands include Oscar Mayer, Maxwell House, Oreo and others, will pay the dividend on Oct. 14 to shareholders of record on Sept. 30.Earlier this month Kraft announced that it plans to split into two publicly traded companies, with one focusing on its international snack brands and the other on its North American grocery business. The company also reported that its second-quarter earnings climbed 4 percent and its revenue increased 13 percent.Kraft is based in Northfield, Ill. Its stock gained 34 cents to $34.55 in morning trading.

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