SpartanNash Announces Exciting Quarterly Dividend for Investors

SpartanNash Declares a New Quarterly Cash Dividend

Food solutions company SpartanNash has made an impressive announcement regarding its quarterly cash dividend, which underscores its dedication to enhancing shareholder value. The Board of Directors approved a quarterly cash dividend of $0.2175 per common share. This decision reflects the Company's strategic approach to maintaining steady financial performance and returning value to its investors.

Dividend Payment Details

The dividend will be dispensed on October 4, to shareholders who have their records up to date as of September 23. With a remarkable count of over 33 million common shares outstanding as of September 10, the declaration highlights SpartanNash's robust position in the market.

About SpartanNash's Business Operations

SpartanNash operates as a prominent food solutions company committed to delivering the essential ingredients for a better life. Its operational strategy is built around a People First culture, bolstered by a strong family of associates comprising 17,000 dedicated employees. The Company excels in two main business segments: food wholesale and grocery retail.

A Comprehensive Supply Chain Network

The Company boasts a global supply chain network that caters to various wholesale customers, including independent grocers, national retail brands, e-commerce platforms, and military commissaries. SpartanNash is recognized for distributing a wide range of products found in grocery stores, from fresh produce to essential household goods, including their own products under the OwnBrands umbrella. These products play a significant role in consumers' daily lives.

Retail Presence and Community Impact

On the retail side, SpartanNash runs an impressive 147 brick-and-mortar grocery stores, prominently operating under the banners of Family Fare, Martin's Super Markets, and D&W Fresh Market. This diverse presence demonstrates their commitment to serving community needs with quality groceries as well as pharmacies and fuel centers. The Company's ability to adapt and thrive within the evolving retail landscape speaks volumes about its resilience and innovation.

Support and Services for Independent Grocers

Furthermore, SpartanNash provides comprehensive support services for independent grocers, equipping them with the insights and tools necessary to succeed in today's competitive market. This support is not just about products; it involves fostering partnerships that help smaller operations to thrive and grow, reinforcing the collective strength within the grocery sector.

Investing in a Sustainable Future

SpartanNash's commitments extend beyond financial performance. The Company actively invests in sustainable practices that benefit its operations and the communities it serves. By focusing on sustainable sourcing, environmentally friendly products, and community engagement, SpartanNash aims to create a positive impact on both the marketplace and the planet.

Frequently Asked Questions

What is the amount of the quarterly cash dividend declared by SpartanNash?

The quarterly cash dividend declared by SpartanNash is $0.2175 per common share.

When will the dividend be paid out to shareholders?

The dividend will be paid on October 4, with shareholders of record as of September 23 being eligible.

How many grocery stores does SpartanNash operate?

SpartanNash operates 147 brick-and-mortar grocery stores across different banners.

What segments does SpartanNash focus on within its operations?

SpartanNash primarily focuses on food wholesale and grocery retail segments.

How does SpartanNash support independent grocers?

SpartanNash provides support services that offer insights and solutions to help independent grocers succeed in a competitive market.

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