The Kroger Co.’s board of directors has declared its quarterly dividend of 12¢ per share to be paid on December 1, 2016, to shareholders of record as of the close of business on November 15, 2016.
Kroger today also announced an incremental $500 million share repurchase program, supplementing the current authorization, which has $392 million remaining as of September 14, 2016.
“Kroger’s share repurchase authorization reflects our Board of Directors’ confidence in our Customer 1st Strategy and our ability to create value for shareholders,” said Rodney McMullen, Kroger’s Chairman and CEO. “We are committed to delivering long-term growth investors can count on.”
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In June, Kroger’s Board raised the quarterly dividend by 14 percent. 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.
Over the last four quarters, the company has returned more than $1.5 billion to shareholders through share buybacks and dividends combined.
