CINCINNATI, Jan. 16, 2015 /PRNewswire/ -- The Kroger Co.'s
(NYSE: KR) Board of Directors today declared a quarterly dividend
of 18.5¢ per share to be paid on March 1,
2015, to shareholders of record as of the close of business
on February 16, 2015.
In September, Kroger's Board of Directors raised the quarterly
dividend by approximately 12 percent, to 18.5¢ per share. Kroger
has delivered double-digit compound growth in its dividend since it
was reinstated in 2006. The company continues to expect an
increasing dividend over time.
Kroger, one of the world's largest retailers, employs more than
375,000 associates who serve customers in 2,631 supermarkets and
multi-department stores in 34 states and the District of Columbia under two dozen local
banner names including Kroger, City Market, Dillons, Food 4 Less,
Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, QFC, Ralphs
and Smith's. The company also operates 783 convenience
stores, 325 fine jewelry stores, 1,293 supermarket fuel centers and
37 food processing plants in the U.S. Recognized by Forbes as
the most generous company in America, Kroger supports hunger
relief, breast cancer awareness, the military and their families,
and more than 30,000 schools and grassroots organizations. Kroger
contributes food and funds equal to 200 million meals a year
through more than 100 Feeding America food bank partners. A leader
in supplier diversity, Kroger is a proud member of the Billion
Dollar Roundtable and the U.S. Hispanic Chamber's Million
Dollar Club.
This press release contains a forward-looking statement, as
that term is defined in the Private Securities Litigation Reform
Act of 1995, about the future performance of the company. This
statement is based on management's assumptions and beliefs in light
of the information currently available to it. Such statement is
indicated by the word "expect." Our ability to continue to
increase our dividend over time, will be affected by our inability
to generate free cash flow at the levels anticipated and our
failure to generate expected operating results. This
forward-looking statement is subject to uncertainties and other
factors that could cause actual results to differ materially. We
assume no obligation to update the information contained herein.
Please refer to Kroger's reports and filings with the Securities
and Exchange Commission for a further discussion of these risks and
uncertainties.
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SOURCE The Kroger Co.