Kroger Board Raises Quarterly Dividend 30 Percent
Cincinnati, OH
Kroger’s Board of Directors has raised the quarterly dividend by approximately 30% to 15 cents per share, according to a press release. The increase will be paid on December 1, 2012 to shareholders as of the close of business on November 15. Kroger has increased the dividend every year since 2006.
David B. Dillon, Kroger’s Chairman and CEO, states, “This substantial dividend increase demonstrates the confidence of our Board of Directors that the Customer 1st strategy will produce strong returns for shareholders.” He adds, “The 30 percent increase demonstrates our ability to continue to generate strong free cash flow and operating results.”
