Kroger (KR) Unveils 10% Dividend Hike: Key Insights to Know
KRKroger(KR) ZACKS·2024-06-29 01:01

The Kroger Co. (KR) has again signaled its robust financial health and commitment to shareholders by announcing a 10% hike in its annual dividend. The new dividend payout now stands at $1.28 per share, up from $1.16. The next quarterly installment of 32 cents is due on Sep 1, 2024, to shareholders of record as of Aug 15, 2024.This increase marks the 18th successive year of Kroger raising its dividend, seeing a compounded annual growth rate of 13.5% since the dividend's reinstatement in fiscal 2006. Such con ...