The Kraft Heinz Company (NASDAQ:KHC) will begin trading ex-dividend on November 25, 2020. The quarterly dividend payment of $ 0.40 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 5.02 percent. Shareholders who purchased KHC shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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The Kraft Heinz Company recently reported third quarter financial results on October 29, 2020, before market open, the Pittsburgh based company communicated income for the third quarter of $ 0.70 per share, from the revenue of $ 6,441.00 million. The quarterly earnings boosted 1.45 percent while revenues swell 6.01 percent compared with the same quarter last year.
Wall street analysts are predicting, KHC to report 3Q20 income of $ 0.62 per share from revenue of $ 6321.93 million. The bottom line results beat street analysts by $ 0.08 or 12.90 percent, at the same time, top line results outshined analysts by $ 119.07 million or 1.88 percent.
Stock Performance
Shares of The Kraft Heinz Company traded up $ 0.25 or 0.79 percent on Thursday, reaching $ 31.88 with volume of 6.07 million shares. The Kraft Heinz Company has traded high as $ 31.94 and has cracked $ 31.40 on the downward trend
According to the previous trading day, closing price of $ 31.88, representing a 58.23 % increase from the 52 week low of $ 19.99 and a 13.03 % decrease over the 52 week high of $ 36.37.
The company has a market capital of $ 38.98 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, the Middle East, and Africa. Its products include condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products, as well as infant and nutrition products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-OY, Cracker Barrel, Classico, McCafe, PTit Quebec, Tassimo, Plasmon, Pudliszki, Honig, HP, Benedicta, Karvan Cevitam, ABC, Master, Quero, Golden Circle, Watties, Glucon-D, and Complan names.
