The Board of Directors of The Kraft Heinz (NASDAQ:KHC) Company announced a regular quarterly dividend of $0.40 per share on Wednesday. This dividend is set to be paid to shareholders who are registered as of December 1, 2023, with the payment date being December 29, 2023.
Kraft Heinz, a global food and beverage company, operates under its guiding principle of "Let’s Make Life Delicious." The company reported $26 billion in net sales in 2022 and continues to focus on growing its iconic and emerging brands across six consumer-driven platforms worldwide.
In addition to its financial strategy, Kraft Heinz emphasizes its role as a responsible global citizen. The company employs both scale and agility to drive sustainable and ethical impacts, promoting healthy eating responsibly. Further information about Kraft Heinz's journey, commitment to transformation, and financial strategy can be accessed through their LinkedIn profile or their official website.
InvestingPro Insights
In light of the recent report on Kraft Heinz, InvestingPro offers some valuable insights. The company has been showing accelerating revenue growth, with a 5.71% increase over the last twelve months as of Q2 2023, reaching a total revenue of $27.1B. This aligns with one of the InvestingPro Tips, which notes that Kraft Heinz's revenue growth has been on an upward trend.
The company also offers a significant dividend to shareholders, with a dividend yield of 5.09% as of late 2023. This is a noteworthy point for investors seeking steady income, and it's one of the InvestingPro Tips about the company.
Kraft Heinz is currently trading at a low P/E ratio relative to its near-term earnings growth, with a P/E ratio of 12.23. This suggests that the company could be undervalued, offering a potential opportunity for investors.
For more in-depth insights and additional tips, consider exploring the InvestingPro platform. It currently lists 8 valuable tips for Kraft Heinz, providing a comprehensive view of the company's performance and potential investment opportunities.
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