Kraft begins trading as an independent company; Dividend policy and Share repurchase program already announced

Kraft (NYSE: KFT) began trading as a completely independent company after a spin-off from Altria was completed on March 30. The company had previously announced plans for a quarterly dividend of $0.25 per share and a $5 billion share repurchase program that is targeted for completion in March 2009.



With 1.64 billion shares outstanding, the $5 billion repurchase yields $1.52 per share over the next 2 years. The annualized dividend of $1.00 combined with the $1.52 from the repurchase program will result in a Total Payout of $2.52 over the next 4 quarters. At $32 per share, the Total Payout Yield is projected to be 7.9%.

- Payout Yield Staff


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