Kroger (KR) Approves 13.5% Dividend Hike, Two-for-One Split, New $500M Common Stock Buyback Plan

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Go back to Kroger (KR) Approves 13.5% Dividend Hike, Two-for-One Split, New $500M Common Stock Buyback Plan

Kroger Raises Quarterly Dividend 13.5 Percent

June 25, 2015 11:32 AM UTC

CINCINNATI, June 25, 2015 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced that its Board of Directors approved a 13.5 percent increase to the company's quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.

"Today's actions reflect our Board of Directors' confidence in Kroger's long-term performance and ability to deliver growth consistently to our investors," said Rodney McMullen, Kroger's chairman and CEO. "The stock split will increase the accessibility of our shares and liquidity in the trading of our shares. We are especially excited... More