Kroger (KR) Raises Buyback by $1B, Quarterly Dividend 4.2%

Kroger (NYSE: KR) raised its 4.2% to $0.125 from $0.12. The dividend will be payable on September 1, 2017, to stockholders of record on August 15, 2017, with an ex-dividend date of August 11, 2017. The annual yield is 2.3%.

The Kroger Board of Directors also announced an incremental $1 billion share repurchase program, replacing the prior authorization which has been exhausted.

"Kroger's share repurchase authorization and dividend increase reflects our Board of Directors' confidence in our long-term strategy," said Rodney McMullen, Kroger's chairman and CEO. "Kroger has repurchased nearly half of the shares of the company and has returned approximately $14 billion to shareholders through share repurchases since January 2000. We are committed to delivering value that our shareholders can count on."

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

You May Also Be Interested In

• Amalgamated Financial (AMAL) Raises Quarterly Dividend 50% to $0.15; 2.6% Yield
• Ameriprise Financial (AMP) Raises Quarterly Dividend 9.6% to $1.48; 1.4% Yield
• TechnipFMC (FTI) Declares $0.05 Quarterly Dividend; 0.8% Yield