Kroger's Board Approves New Quarterly Dividend for Shareholders
Kroger's Board Declares Quarterly Dividend for Investors
The Kroger Co. (NYSE: KR) recently made an important announcement regarding its commitment to shareholders. The Board of Directors has declared a quarterly dividend of 32 cents per share. This will be paid out to shareholders of record as of the close of business, with actual disbursement scheduled shortly thereafter.
Dividends Grow Steadily Over Time
This new declaration underscores Kroger’s commitment to enhancing shareholder value. Notably, the company has successfully maintained its dividend growth at an impressive compounded annual growth rate of 13.5% since 2006. This level of consistency and growth is a strong indicator of Kroger's robust financial health and a reflection of its strategic planning.
Capital Allocation Strategy Focused on Growth
Kroger's approach to capital allocation primarily aims to utilize free cash flow effectively. This strategy guarantees that the company can invest in areas that will promote long-term growth while keeping a strong investment-grade debt rating. The Board remains dedicated to balancing the returns provided to shareholders with necessary investments back into the business, highlighting their strategic foresight.
About Kroger Co.
Kroger Co. (NYSE: KR), operates with the mission to feed the human spirit, employing nearly 420,000 associates who serve millions of customers daily. The company is known for providing a seamless digital shopping experience alongside a wide variety of retail food stores. Through its numerous banner names, Kroger is committed to addressing food insecurity and fostering sustainable communities, striving towards its ambitious #ZeroHungerZeroWaste goals.
To explore more about Kroger's operations and initiatives, interested parties can visit their official newsroom and investor relations sites to stay updated on future announcements and corporate developments.
Frequently Asked Questions
What is the recently declared dividend amount by Kroger?
Kroger has declared a dividend of 32 cents per share for its shareholders.
When will the dividend payment be made?
The dividend is scheduled to be paid on March 1, 2025, to shareholders of record as of February 14, 2025.
What has been the growth rate of Kroger's dividends?
Kroger's dividends have grown at a 13.5% compounded annual growth rate since 2006.
How does Kroger manage its free cash flow?
Kroger utilizes its free cash flow for business investment, maintaining its debt rating, and providing returns to shareholders.
What is Kroger’s mission?
Kroger’s mission is to feed the human spirit and support sustainable community initiatives.
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