Mondelez International, Inc. (NASDAQ:MDLZ) Raises Dividend to $0.50 Per Share

Key Points

• Mondelez International has raised its quarterly dividend to $0.50 per share, marking a 6.4% increase from the previous dividend of $0.47.
• The company's stock decreased by 6.6% to $65.10, with a market capitalization of $84.29 billion and a price-to-earnings ratio of 24.20.
• Mondelez reported $8.98 billion in revenue for the last quarter, exceeding estimates and reflecting a 7.7% increase compared to the same quarter the previous year.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.50 per share on Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a 6.4% increase from Mondelez International's previous quarterly dividend of $0.47.

Mondelez International has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mondelez International to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 57.7%.

Mondelez International Stock Up 0.0%

Shares of MDLZ stock traded up $0.01 during trading hours on Friday, reaching $64.70. The company had a trading volume of 3,874,503 shares, compared to its average volume of 9,078,527. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06. The stock's fifty day simple moving average is $67.77 and its 200 day simple moving average is $65.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.40 and a current ratio of 0.64. The company has a market capitalization of $83.77 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 4.90 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $0.86 EPS. Mondelez International's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.