Dow Dividend Stock #6 – Kraft Foods (KFT)
Market Cap: $46.0 billion
Annual Dividend: $1.16
Dividend Yield: 3.8%
After consistently raising dividends every year since it went public in 2001, Kraft Foods (KFT)
hit the brakes in 2009 by freezing its dividend. However, there may be a boost in the works sometime soon to the company’s already high 3.9%
dividend yield. The world’s second-largest food company reported strong fourth-quarter profits in February that were quadruple the numbers from last
year thanks to a successful three-year restructuring of its business. It is set to report first-quarter earnings on May 6. The company’s recent
acquisition of British snack maker Cadbury should also keep KFT firmly in the black with plenty of profits to share.
Top 10 High Yield Dividend Stocks in the Dow
Article printed from InvestorPlace Media, http://investorplace.com/2010/04/high-yield-dividend-stocks-dow-jones/.
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