Published October 7, 2014 4:09pm EDT | Updated January 8, 2015 2:36pm EST

Kraft Raises Quarterly Dividend 5% To 55 Cents a Share

Kraft Foods Group said Tuesday it's raising its quarterly dividend to 55 cents a share from 52.5 cents. The new dividend will be payable on Oct. 31 to shareholders of record as of Oct. 17. Shares were slightly higher in after-hours trade, and are up 3.2% in the year so far, while the S&P 500 has gained 4.7%.