by Craig Giammona
On Thursday, the company’s fourth-quarter earnings missed even the lowest analyst estimate.
It also flagged to investors in its quarterly results a subpoena it received last year from the U.S. Securities and Exchange Commission related to its procurement practices.
Kraft Heinz will cut its quarterly dividend to 40 cents a share from 62.5 cents, helping it pay down debt more quickly and adjust to its smaller size after selling some businesses.
Source: Bloomberg
https://finance.yahoo.com/news/kraft-he ... 52980.html