Content about Dividend

MINNEAPOLIS — Supervalu on Thursday announced a number of dramatic measures to stabilize its business — reduction in capital spending, suspension of the company's dividend, even the exploration of possible strategic alternatives — in conjunction with its declining first-quarter earnings results.

WOONSOCKET, R.I. — CVS Caremark announced on Thursday that its board of directors has approved a quarterly dividend.

The board approved a quarterly dividend of 16.25 cents per share on the common stock of the corporation, payable Aug. 3 to holders of record on July 23.
 

CINCINNATI — Kroger announced that its board of directors declared a quarterly dividend of 11.5 cents per share.

The dividend will be paid on Sept. 1 to shareholders of record as of the close of business on Aug. 15.

ISSAQUAH, Wash., and MEXICO CITY — Costco Wholesale has agreed to buy out Controladora Comercial Mexicana's 50% share interest in Costco de Mexico, a joint venture, for about $760.4 million.

In addition, Costco Mexico has declared a cash dividend of approximately $340.85 million, 50% payable to a subsidiary of Costco Wholesale and 50% to CCM. Costco Wholesale will use the dividend proceeds and existing cash and investment balances to fund the purchase. CCM will use the dividend and sale proceeds to pay down debt.

CHESAPEAKE, Va. — Dollar Tree on Tuesday approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed June 26 for shareholders of record as of the close of business on June 12.

With the stock split, the number of outstanding shares of the company's common stock will increase from approximately 116 million shares, pre-split, to approximately 232 million shares, post-split.

ISSAQUAH, Wash. — Costco announced that its board of directors declared a quarterly cash dividend on Costco common stock and approved an increase from 24 cents to 27.5 cents per share, or from 96 cents per share to $1.10 per share on an annualized basis.

The quarterly dividend is payable June 8 to shareholders of record at the close of business on May 25.

Costco plans to release its operating results for the third quarter, ended May 6, on May 24.

MINNEAPOLIS — Supervalu announced that its board of directors declared a quarterly dividend of 8.75 cents per share.

The dividend is payable on June 15 to stockholders of record as of the close of business on June 1. As of April 27, there were approximately 214 million shares outstanding, Supervalu said.

DEERFIELD, Ill. — Walgreens announced that its board of directors has declared a quarterly dividend of 22.5 cents per share, a 28.6% increase over the year-ago dividend.

The dividend is payable June 12 to shareholders of record on May 21. The drug store chain noted it has paid a dividend in 318 straight quarters (more than 79 years) and has raised its dividend for 36 consecutive years. What's more, the company's annual dividend rate has risen from 31 cents per share to 90 cents per share over the last five years.

PLEASANTON, Calif. — Safeway announced that its board of directors Friday declared a regular quarterly cash dividend of 14.5 cents per share.

The dividend will be payable on April 12 to stockholders of record at the close of business on March 22, the company noted.

BOLINGBROOK, Ill. — Ulta posted double-digit gains in same-store sales and net income during the fourth quarter.

Net sales for the quarter ended Jan. 28 rose 23% to $582.5 million. Same-store sales rose 11.5%, compared with an increase of 10.4% during the year-ago period.

Net income increased 53.8% to $46.3 million, or 73 cents per diluted share, compared with $30.1 million, or 49 cents per diluted share, in the year-ago period.

CINCINNATI — Kroger announced that its board of directors have declared a quarterly dividend of 11.5 cents per share.

The dividend will be paid June 1 to shareholders of record as of the close of business on May 15.