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

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

Kroger Board of Directors Approves $1 Billion Share Repurchase Program; Raises Quarterly Dividend

June 22, 2017 11:20 AM EDT

CINCINNATI, June 22, 2017 /PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors today announced an incremental $1 billion share repurchase program, replacing the prior authorization which has been exhausted.

Kroger also announced that its Board today approved a dividend increase from 48¢ to 50¢ per year. The next quarterly dividend of 12.5 cents per share will be paid on September 1, 2017, to shareholders of record on the close of business on August 15, 2017.

Kroger's quarterly dividend has grown at a compound annual growth rate of 13.0% since it was reinstated in 2006. The company continues to expect an... More