SUPERVALU (SVU) Raises Dividend, Announces $70M Share Buyback

May 28, 2009 5:02 PM EDT

SUPERVALU INC. (NYSE: SVU) approved a 1.45 percent increase in the annual indicated dividend to $0.70 per share from last year’s level of $0.69 per share.

SUPERVALU's board of directors today adopted a new annual share repurchase program authorizing the company to purchase up to $70 million of the company's common stock.


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