The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share

PITTSBURGH & CHICAGO–(BUSINESS WIRE)–The Board of Directors of The Kraft Heinz Company (NASDAQ: KHC) today
declared a regular quarterly dividend of $0.40 per share of common stock
payable on March 22, 2019, to stockholders of record as of March 8,
2019. This represents a reduction of $0.225 from the Company’s previous
quarterly dividend of $0.625.

“We believe this action will help us accelerate our deleveraging plan,
provide us strategic advantage through a stronger balance sheet, support
commercial investments and set a payout level that can both grow over
time and accommodate additional divestitures. By doing this we can
improve our growth and returns over time,” said Kraft Heinz CEO Bernardo
Hees.

ABOUT THE KRAFT HEINZ COMPANY

For 150 years, we have produced some of the world’s most beloved
products at The Kraft Heinz Company (NASDAQ: KHC). Our Vision is To
Be the Best Food Company, Growing a Better World.
We are one of the
largest global food and beverage companies, with 2018 net sales of
approximately $26 billion. Our portfolio is a diverse mix of iconic and
emerging brands. As the guardians of these brands and the creators of
innovative new products, we are dedicated to the sustainable health of
our people and our planet. To learn more, visit www.kraftheinzcompany.com
or follow us on LinkedIn
and Twitter.

Forward-Looking Statements

This press release contains a number of forward-looking statements.
Words such as “improve,” “manage,” “return,” “accelerate,” “strengthen,”
“commit,” “plan,” “believe,” “anticipate,” “reflect,” “invest,” “make,”
“expect,” “deliver,” “develop,” “drive,” “assess,” “evaluate,”
“establish,” “re-establish,” “accelerate,” “provide,” “accommodate,”
“consider,” “focus,” “build,” “turn,” “expand,” “leverage,” “grow,”
“remain,” “will,” and variations of such words and similar future or
conditional expressions are intended to identify forward-looking
statements. Examples of forward-looking statements include, but are not
limited to, statements regarding the Company’s plans, costs and cost
savings, taxes, expectations, investments, dividends, divestitures,
impairments, innovations, opportunities, capabilities, execution,
initiatives, pipeline, and growth. These forward-looking statements are
not guarantees of future performance and are subject to a number of
risks and uncertainties, many of which are difficult to predict and
beyond the Company’s control.

Important factors that may affect the Company’s business and operations
and that may cause actual results to differ materially from those in the
forward-looking statements include, but are not limited to, operating in
a highly competitive industry; the Company’s ability to predict,
identify, and interpret changes in consumer preferences and demand, to
offer new products to meet those changes, and to respond to competitive
innovation; changes in the retail landscape or the loss of key retail
customers; changes in relationships with significant customers or
suppliers; the Company’s ability to maintain, extend, and expand its
reputation and brand image; the Company’s ability to leverage its brand
value to compete against private label products; the Company’s ability
to drive revenue growth in its key product categories, increase its
market share, or add products that are in faster-growing and more
profitable categories; product recalls or product liability claims;
unanticipated business disruptions; the Company’s ability to identify,
complete or realize the benefits from strategic acquisitions, alliances,
divestitures, joint ventures or other investments; the Company’s ability
to realize the anticipated benefits from prior or future streamlining
actions to reduce fixed costs, simplify or improve processes, and
improve its competitiveness; the execution of the Company’s
international strategic initiatives; the impacts of the Company’s
international operations; economic and political conditions in the
United States and in various other nations in which the Company does
business; changes in the Company’s management team or other key
personnel and the Company’s ability to hire or retain key personnel or a
highly skilled and diverse global workforce; risks associated with
information technology and systems, including service interruptions,
misappropriation of data or breaches of security; impacts of natural
events in the locations in which we or the Company’s customers,
suppliers, distributors, or regulators operate; the Company’s ownership
structure; the Company’s indebtedness and ability to pay such
indebtedness; an impairment of the carrying value of goodwill or other
indefinite-lived intangible assets; exchange rate fluctuations;
volatility in commodity, energy, and other input costs; volatility in
the market value of all or a portion of the derivatives we use;
increased pension, labor and people-related expenses; compliance with
laws, regulations, and related interpretations and related legal claims
or other regulatory enforcement actions; the Company’s ability to
protect intellectual property rights; tax law changes or
interpretations; the impact of future sales of the Company’s common
stock in the public markets; the Company’s ability to continue to pay a
regular dividend and the amounts of any such dividends; volatility of
capital markets and other macroeconomic factors; and other factors. For
additional information on these and other factors that could affect the
Company’s forward-looking statements, see the Company’s risk factors, as
they may be amended from time to time, set forth in its filings with the
Securities and Exchange Commission. The Company disclaims and does not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable law or
regulation.

Contacts

Michael Mullen (media)
[email protected]

Christopher Jakubik, CFA (investors)
[email protected]

error: Content is protected !!