Kroger (KR) Raises Quarterly Dividend 14.3% to $0.12; Approves $500M Buyback

Kroger (NYSE: KR) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 14.3% increase from the prior dividend of $0.105.

The dividend will be payable on September 1, 2016, to stockholders of record on August 15, 2016, with an ex-dividend date of August 11, 2016.

The annual yield on the dividend is 1.4 percent.

Kroger today also announced a new, $500 million share repurchase program, replacing the prior authorization, which has been exhausted.

"We remain committed to delivering value to shareholders. Kroger has delivered double-digit compound growth in its dividend since we reinstated it in 2006," said Rodney McMullen, Kroger's chairman and CEO. "Our strong cash flow has enabled us to return to shareholders more than $2.7 billion in dividends since 2006."

For a dividend history and other dividend-related data on Kroger (KR) click here.

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