Kraft Heinz: three-year share buyback program

(CercleFinance.com) - Kraft Heinz announces that its Board of Directors has approved a program authorizing the food company to repurchase up to $3 billion of its outstanding common stock through December 26, 2026.


It intends to repurchase shares with excess cash available after allocations for disciplined capital expenditures, including investments in organic growth and the payment of an attractive dividend.

The timing, manner, price and amount of any share repurchases under this program will be determined by Kraft Heinz at its discretion, and the program may be modified, suspended or terminated at any time.

Copyright (c) 2023 CercleFinance.com. All rights reserved.