The new dividend rate takes effect on September 1 for all shareholders of record by the close of business on August 15. Based on the company's Wednesday closing price of $58.48, this distribution represents an annualized yield of 2.7 percent. The decision by the board underscores a steady commitment to dividend growth for the retail giant as it navigates current market conditions.
Kroger Lifts Quarterly Dividend Payout by 11 Percent
Shareholders of Kroger will see a double-digit bump in their quarterly returns following a board decision to raise the dividend to 39 cents per share. This hike marks an 11 percent increase from the previous 35-cent payout, reflecting the grocer's latest move to return capital to its investors.
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