The Kroger Co. announced on 9/16/10 that its Board of Directors increased the amount of its quarterly dividend to 10.5¢ per share from 9.5¢ per share. This 10.5% increase is the fourth time the Board has raised the quarterly dividend since it initiated the program in 2006. According to David Dillon, chairman and chief executive officer of Kroger, “We are creating value for our shareholders by reducing debt and returning value to them through dividends and share repurchases. We believe Kroger is in a strong position to continue to deliver shareholder value now and in the future and we appreciate the continued trust and support of our shareholders."
http://www.thekrogerco.com/corpnews/corpnewsinfo_pressreleases_09162010.htm
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