Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Kroger Increases Dividend 10%

After four consecutive quarters of paying its shareholders a $0.15-a-share quarterly dividend, Kroger's (NYSE: KR  ) board of directors has authorized a 10% dividend hike, to $0.165 a share, the company announced today.

The dividend will be paid on Dec. 1 to shareholders of record on Nov. 15.

Commenting on the decision to increase the dividend, Kroger Chairman and CEO David Dillon said in a statement, "This increase reflects the Board of Directors' continued confidence that our Customer 1st strategy delivers sustainable shareholder value."

Based on Kroger's share price of $40.56 a share at the close of business Sept. 18, the new quarterly dividend has an annual yield of 1.6%. The improved quarterly dividend payout is the highest Kroger has paid its shareholders since it reinitiated its dividend payment policy in 2006.


Read/Post Comments (0) | Recommend This Article (2)

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.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2645543, ~/Articles/ArticleHandler.aspx, 9/25/2016 10:07:32 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...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
KR $30.45 Down -0.30 -0.98%
Kroger CAPS Rating: ****