Mondelez International (MDLZ) will raise its quarterly dividend by 18.2 percent to $0.26 per share in 2018. This marks the food and beverage company's 6th consecutive year of annual dividend increases.

The next dividend is payable on October 12, 2018, to shareholders of record as of September 28, 2018. The new annual dividend of $1.04 per share yields 2.5% at a stock price of $43.27. Last year Mondelez hiked its dividend by $0.03 to $0.22 quarterly per share.

Mondelez International, Inc. is a global snack company. The company manufactures and makes and sells primarily snacks, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy as well as various cheese & grocery and powdered beverage products. Its brands include Cadbury, Milka and Toblerone chocolate; Oreo, belVita and LU biscuits; Halls candy; Trident gum and Tang powdered beverages. The company's operations and management structure are organized into four operating segments: 1. Latin America, 2. Asia, Middle East, and Africa, 3. Europe and 4. North America.