Kroger Raises Quarterly Dividend By 17%

by Shivani Kumaresan, Benzinga Staff Writer

June 24, 2021 12:21 PM | 1 min read |

Kroger Co's KR raises quarterly dividend by 17% to $0.21 per share from $0.18.
The dividend will be paid on September 1, 2021, to shareholders of record as of the close of business on August 13, 2021.
It marks the 15th consecutive year of annual dividend increases.
The company continues to expect, subject to board approval, an increasing dividend over time.
"In recognition of our strong performance during the last year, we are proud to increase the quarterly dividend at a higher rate than our historical average," said Rodney McMullen, Chief Executive Officer.
Price action: KR shares are trading lower by 0.04% at $39.18 on the last check Thursday.