Mondelez International announced on Wednesday a new $9 billion share repurchase authorization, effective January 1, 2025, through December 31, 2027. This replaces the current $6 billion program, which had $2.8 billion remaining.
The board also declared a regular quarterly dividend of $0.47 per share, payable January 14, 2025, to shareholders of record as of December 31, 2024.
"We continue to make significant progress against our strategy of accelerating growth and focusing our portfolio in the attractive, resilient categories of chocolate, biscuits, and baked snacks. Our teams remain focused on executing against our growth agenda in a challenging and dynamic operating environment," Chairman and CEO Dirk Van de Put said.
