Kroger's board of directors declares quarterly dividend of US$0.165/share, to be paid March 1 to shareholders of record as of Feb. 15

Cindy Allen

CINCINNATI , January 17, 2014 (press release) – The Kroger Co.'s (KR) Board of Directors today declared a quarterly dividend of 16.5 cents per share to be paid on March 1, 2014, to shareholders of record as of the close of business on February 15, 2014.

In September, the company's Board of Directors raised the quarterly dividend by approximately 10 percent, to 16.5 cents per share. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time.

Kroger, one of the world's largest retailers, employs 343,000 associates who serve customers in 2,414 supermarkets and multi-department stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's. The company also operates 786 convenience stores, 327 fine jewelry stores, 1,218 supermarket fuel centers and 37 food processing plants in the U.S. Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 200 million meals a year through more than 80 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable and the U.S. Hispanic Chamber's Million Dollar Club.

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