Albertsons Companies Announces Common Stock Dividend

Rhea-AI Summary

Albertsons Companies, Inc. (NYSE: ACI) has declared a cash dividend of $0.12 per share for the third quarter of 2022. This dividend is payable on November 14, 2022 to shareholders on record as of October 31, 2022. The company currently operates 2,272 retail stores, including 1,722 pharmacies, across 34 states and the District of Columbia, reinforcing its position in the food and drug retail sector.

Positive

• Dividend of $0.12 per share enhances shareholder returns.
• Strong operational footprint with 2,272 retail stores established.

Negative

• Risks related to the COVID-19 pandemic could adversely impact future performance.

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared a cash dividend for the third quarter of 2022 of $0.12 per share of Class A common stock. The cash dividend is payable on November 14, 2022 to stockholders of record as of the close of business on October 31, 2022.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of September 10, 2022, the Company operated 2,272 retail food and drug stores with 1,722 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2021, along with the Albertsons Companies Foundation, the Company contributed nearly $200 million in food and financial support, including approximately $40 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat.

Important Notice Regarding Forward-Looking Statements

This press release contains certain forward-looking statements. Statements that are not historical facts, including statements regarding the Company’s expectations, perspectives and projected financial performance, are forward looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. The forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company cautions that actual results could differ materially from the expectations described in the forward-looking statements. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact. The Company also cautions that undue reliance should not be placed on any of the forward-looking statements, which speak only as of the date of this release. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes. Certain potential factors that could affect our business and financial results and cause actual results to differ materially from those expressed or implied in any forward-looking statements are described in the “Risk Factors” section or other sections in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 26, 2022, and in reports subsequently filed with the SEC and available at the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005329/en/

For Investor Relations, contact investor-relations@albertsons.com

For Media Relations, contact media@albertsons.com

Source: Albertsons Companies, Inc.

FAQ

What is the dividend amount declared by Albertsons Companies for Q3 2022?

Albertsons Companies has declared a dividend of $0.12 per share for Q3 2022.

When will the dividend be paid to shareholders?

The dividend will be paid on November 14, 2022.

What is the record date for Albertsons Companies' Q3 2022 dividend?

The record date is October 31, 2022.

How many retail stores does Albertsons Companies operate?

Albertsons Companies operates 2,272 retail stores.

What are the potential risks affecting Albertsons Companies' performance?

Risks related to the COVID-19 pandemic could negatively affect performance.