Kraft Heinz shares took a dive after it revealed Securities and Exchange Commission subpoena over its accounting practices (KHC)

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• Kraft Heinz reported disappointing quarterly results, including a $15 billion charge related to the value of its marquee Kraft and Oscar Mayer trade marks.
• And it said it had received a subpoena from the U.S. Securities and Exchange Commission about its accounting practices.
• The company's shares fell 11 percent in extended trading on Thursday.
• The company also cut its quarterly dividend to 40 cents per share from around 63 cents per share, saying the industry would remain challenged from cost inflation in the near term.

(Reuters) - Kraft Heinz reported disappointing quarterly results, including a $15 billion charge related to the value of its marquee Kraft and Oscar Mayer trade marks, and said it had received a subpoena from the U.S. Securities and Exchange Commission about its accounting practices.

The company's shares fell 11 percent in extended trading on Thursday.

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