Albertsons Companies Announces Common Stock Dividend

Rhea-AI Summary

Albertsons Companies (NYSE: ACI) has declared a cash dividend of $0.12 per share for the first quarter of fiscal 2023. The dividend will be payable on May 10, 2023 to stockholders who are on record as of April 26, 2023. With operations in 34 states and the District of Columbia, Albertsons runs 2,271 retail stores, including 1,722 pharmacies and 401 fuel centers. The company remains committed to enhancing community welfare, as evidenced by over $200 million contributed in food and financial support in 2022, including $40 million through its Nourishing Neighbors Program.

However, investors should be aware of the uncertainties affecting the company's outlook, primarily related to the ongoing impacts of the COVID-19 pandemic.

Positive

• Declared a cash dividend of $0.12 per share, enhancing shareholder income.
• Strong community support demonstrated by $200 million in contributions in 2022.

Negative

• Ongoing uncertainties related to the COVID-19 pandemic could impact future results.

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared a cash dividend for the first quarter of fiscal 2023 of $0.12 per share of common stock. The cash dividend is payable on May 10, 2023 to stockholders of record as of the close of business on April 26, 2023.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of February 25, 2023, the Company operated 2,271 retail stores with 1,722 pharmacies, 401 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 2022, along with the Albertsons Companies Foundation, the Company contributed more than $200 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters 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/20230411005253/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?

Albertsons Companies declared a cash dividend of $0.12 per share.

When will the dividend be paid to shareholders?

The cash dividend will be paid on May 10, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is April 26, 2023.

How many retail stores does Albertsons operate?

Albertsons operates 2,271 retail stores across the United States.

What community support initiatives does Albertsons undertake?

In 2022, Albertsons contributed over $200 million in food and financial support.