The Rising Influence of Rising Affluence

[DewDiligence]

MDLZ boosts dividend and buyback authorization, sending share-price 4% higher:

http://finance.yahoo.com/news/mondelez-beats-expectations-hikes-buybacks-202131942.html

The buyback authorization was increased to $6M (from $1.2B) and the dividend payout was hiked 8% to an annualized rate of $0.56. The dividend yield at the current share price is 1.7%.

MDLZ maintained its 2013 non-GAAP EPS guidance of $1.55-1.60.