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KROGER INCREASES QUARTERLY DIVIDEND
CINCINNATI, Ohio, September
17, 2009 – The Kroger Co. (NYSE:
KR) today announced that its
Board of Directors increased the
amount of its quarterly dividend
to $0.095 per share from $0.09
per share. The dividend will be
paid on December 1, 2009 to
shareholders of record as of the
close of business on November
16, 2009.
This is the third increase in
the quarterly dividend the Board
has approved since it initiated
the dividend program in 2006.
“This increase reinforces the
Board’s confidence in Kroger’s
strategy, which continues to
deliver value for our customers
and our shareholders. Just as we
reward customers through our
strategy, we continue to reward
shareholders through our
dividend, which enhances total
shareholder return by over 1.5%
on an annual basis,” said David
B. Dillon, Kroger chairman and
chief executive officer.
Kroger, one of the nation’s
largest retail grocery chains,
employs more than 326,000 associates
who serve customers in 2,470
supermarkets and multi-department
stores in 31 states under two dozen
local banner names including Kroger,
Ralphs, Fred Meyer, Food 4 Less,
Fry’s, King Soopers, Smith’s,
Dillons, QFC and City Market. The
Company also operates 768
convenience stores, 388 fine jewelry
stores, 818 supermarket fuel centers
and 40 food processing plants in the
U.S. Kroger, headquartered in
Cincinnati, Ohio, focuses its
charitable efforts on supporting
hunger relief, health and wellness
initiatives, and local organizations
in the communities it serves. For
more information about Kroger,
please visit www.kroger.com.
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| Kroger Contacts:
Media:
Meghan Glynn
(513) 762-1304
Investor: Carin Fike
(513) 762-4969
|
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