Albertsons Companies Announces Common Stock Dividend

Rhea-AI Summary

Albertsons Companies, Inc. (NYSE: ACI) has announced a cash dividend of $0.12 per share for Q1 2022, payable on May 10, 2022, to shareholders of record by April 26, 2022. As of February 26, 2022, Albertsons operates 2,276 retail stores, including 1,722 pharmacies and 402 fuel centers across 34 states and the District of Columbia. In 2021, the company contributed nearly $200 million in food and financial support to communities, showcasing its commitment to social responsibility.

Positive

• Declared a cash dividend of $0.12 per share, benefiting shareholders.
• The company operates 2,276 stores, indicating a strong retail footprint.
• Significant community contributions of nearly $200 million in 2021.

Negative

• Risks from COVID-19 pandemic may impact future financial 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 first quarter of 2022 of $0.12 per share of Class A common stock and Class A-1 common stock. The cash dividend is payable on May 10, 2022 to stockholders of record as of the close of business on April 26, 2022.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of February 26, 2022, the Company operated 2,276 retail stores with 1,722 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 20 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 28, 2021, 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/20220412005198/en/

Melissa Plaisance

melissa.plaisance@albertsons.com

Source: Albertsons Companies, Inc.

FAQ

What is the dividend amount for Albertsons Companies (ACI)?

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

When will the dividend for ACI be paid?

The dividend is payable on May 10, 2022.

What is the record date for the ACI dividend?

The record date for the dividend is April 26, 2022.

How many retail stores does Albertsons operate?

Albertsons operates 2,276 retail stores across the United States.

How much did Albertsons contribute to community support in 2021?

Albertsons contributed nearly $200 million in food and financial support in 2021.