Mondelez: $9bn share buyback program approved
(CercleFinance.com) - Mondelez International has announced that its Board of Directors has approved a new $9bn share buyback program, effective 1 January 2025, replacing the current $6bn authorization.
Intended to reflect the company's financial strength, the repurchase program, which runs until 31 December 2027, may include open market repurchases, privately negotiated transactions or a combination of both.
The Board also declared a quarterly dividend of $0.47 per share, payable on 14 January 2025 to shareholders on record on 31 December 2024.
Mondelez is also maintaining its capital allocation priorities, with investments in its brands, share buybacks, dividends and targeted acquisitions - including Chipita, Clif and Ricolino.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Intended to reflect the company's financial strength, the repurchase program, which runs until 31 December 2027, may include open market repurchases, privately negotiated transactions or a combination of both.
The Board also declared a quarterly dividend of $0.47 per share, payable on 14 January 2025 to shareholders on record on 31 December 2024.
Mondelez is also maintaining its capital allocation priorities, with investments in its brands, share buybacks, dividends and targeted acquisitions - including Chipita, Clif and Ricolino.
Copyright (c) 2024 CercleFinance.com. All rights reserved.