Safeway Declares Fresh Dividend

Safeway (NYSE: SWY  ) is about to ring up another shareholder payout on the register. The company has declared a quarterly dividend of $0.20 per share, to be paid on Oct. 10 to shareholders of record as of Sept. 19. That amount matches the company's previous distribution, which was dispensed last month. Before that, Safeway was marginally less generous, handing out $0.175 per share.

The grocer has been a reliable dividend payer over the years, although it's currently burdened by a high level of debt and a relatively low reserve of cash.

The just-declared dividend annualizes to $0.80 per share. That yields just under 3% at Safeway's most recent closing stock price of $26.69.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2608728, ~/Articles/ArticleHandler.aspx, 7/23/2014 4:39:20 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement