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.
In section Market Quotes
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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