Mondelez Announces $9 Billion Share Repurchase Plan

Mondelez International has revealed a fresh $9 billion share repurchase authorization, effective from January 1, 2025, to December 31, 2027. This new plan supersedes the current $6 billion program, which still has $2.8 billion left to utilize.

Regular Quarterly Dividend Maintained

In addition to the share buyback announcement, Mondelez's board has declared a regular quarterly dividend of $0.47 per share. This dividend will be payable on January 14, 2025, to shareholders registered as of December 31, 2024.

CEO's Statement on Growth Strategy

Dirk Van de Put, Chairman and CEO of Mondelez, expressed confidence in the company's growth strategy: "We are making significant strides in accelerating our growth and concentrating our portfolio in the robust categories of chocolate, biscuits, and baked snacks. Our teams are steadfastly implementing our growth agenda despite a challenging and ever-changing operational landscape."