Safeway increases its quarterly cash dividend by 21% to US$0.175 per share

Cindy Allen

PLEASANTON, California , May 16, 2012 (press release) – Safeway Inc. (SWY) announced that its Board of Directors met today and declared a regular quarterly cash dividend, reflecting a 21% increase from $0.145 per share to $0.175 per share on a quarterly basis. The cash dividend of $0.175 per share will be payable on July 12, 2012 to stockholders of record at the close of business on June 21, 2012.

Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,675 stores in the United States and western Canada and had annual sales of $43.6 billion in 2011.

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