MondelĒz international approves new $9 billion share repurchase authorization and declares regular quarterly dividend

Chicago, dec. 11, 2024 (globe newswire) -- the board of directors of mondelĒz international, inc. (nasdaq: mdlz) approved a new share repurchase authorization of up to $9 billion of class a common stock, effective january 1, 2025. the new authorization, effective until december 31, 2027, will replace the current $6 billion authorization, of which approximately $2.8 billion is presently remaining and would otherwise expire on december 31, 2025. the company may repurchase the shares in open market transactions, privately negotiated transactions or a combination of the foregoing. share repurchases are subject to the company's discretion based on market conditions, business considerations and other factors.
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