Spartan Stores Increases Quarterly Dividend by 30% to $0.065; Authorizes up to $50M Share Repurchase Program

Spartan Stores, Inc., SPTN today announced that its Board of Directors has declared a 30 percent increase in the quarterly dividend rate, from $0.05 per share to $0.065 per share. The Board also authorized a five year share repurchase program for up to $50 million of the Company's common stock.