Kraft Heinz has announced that its Board of Directors approved an increase in the company’s quarterly dividend to $0.60 per share of common stock, an increase of approximately 4.3 percent versus the prior rate of $0.575 per share.
The company, which is 26.78 percent owned by Berkshire Hathaway, posted earnings of $0.85 per share on total revenue of $6.79 billion.
The increase of 4.3 percent will bring Berkshire an addition $10.57 million in dividends.
© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.