Mondelez International has announced that its Board of Directors has approved a new $9 billion share buyback program, effective January 1, 2025, replacing the current $6 billion authorization.

Intended to reflect the company's financial strength, the repurchase program, which runs until December 31, 2027, may include open market repurchases, privately negotiated transactions or a combination of both.

The Board also declared a quarterly dividend of $0.47 per share, payable on January 14, 2025 to shareholders of record on December 31, 2024.

Mondelez is also maintaining its capital allocation priorities, with investments in its brands, share buybacks, dividends and targeted acquisitions - including Chipita, Clif and Ricolino.

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