Kroger Announces a Double-Digit Dividend Boost
Dazzling investors with more than +20% sales growth figures during its recent conference call, Kroger (NYSE: KR) announced today its Board of Directors greenlit a double-digit increase to its next dividend payment. Arriving on Sept. 1, the quarterly dividend will by hiked 13%, with shareholders of record as of Aug. 14 receiving $0.18 per share.
Annual dividends have now grown from $0.64 to $0.72 per share. In its press release, the company is keen to highlight the boost is the 14th consecutive dividend rise since Kroger reinstated quarterly dividends in 2006. All of the dividend increases since then have had a CAGR (compound annual growth rate) of double-digit percentages.
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Source Fool.com
