Albertsons Companies Announces Special Dividend Payment Date

Rhea-AI Summary

Albertsons Companies (NYSE: ACI) has announced the rescheduling of its $6.85 per share Special Dividend payment to January 20, 2023, for stockholders of record as of October 24, 2022. This decision follows the lifting of a temporary restraining order on January 17, 2023, imposed by the Supreme Court of Washington, which previously prevented the payment. The company retains the right to revise its outlook based on future events and risks, emphasizing the uncertainty surrounding forward-looking statements.

Positive

• Special Dividend payment of $6.85 per share announced.
• Rescheduled payment date provides clarity to investors.
• Lifting of restraining order allows the company to fulfill its dividend obligation.

Negative

• Temporary restraining order indicated potential legal issues.
• Forward-looking statements subject to risks and uncertainties could impact future performance.

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced that the payment date for its previously announced $6.85 per common share Special Dividend (the “Special Dividend”), originally scheduled to be paid November 7, 2022, is now going to be paid on January 20, 2023 to stockholders of record as of the close of business on October 24, 2022.

The payment of the Special Dividend follows the lifting of the temporary restraining order on January 17, 2023 by the Supreme Court of the State of Washington. The temporary restraining order had enjoined the Company from paying the Special Dividend.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the federal securities laws. The “forward-looking statements” include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof. They include statements which the Company believes to be reasonable at this time. You can identify forward-looking statements by the use of words such as “outlook,” “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements.

These statements are not guarantees of future performance and are subject to numerous risks and uncertainties which are beyond our control and difficult to predict and could cause actual results to differ materially from the results expressed or implied by the statements.

All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

In evaluating our forward-looking statements, you should carefully consider the risks and uncertainties more fully described in the “Risk Factors” section or other sections in our reports filed with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230119005455/en/

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

For Media Relations, contact media@albertsons.com

Source: Albertsons Companies, Inc.

FAQ

What is the new payment date for Albertsons' Special Dividend?

The new payment date for the Special Dividend is January 20, 2023.

When was the Special Dividend originally scheduled to be paid?

It was originally scheduled for November 7, 2022.

What is the amount of the Special Dividend by Albertsons?

The amount of the Special Dividend is $6.85 per common share.

Who is eligible to receive the Special Dividend?

Stockholders of record as of October 24, 2022, are eligible.

What caused the delay in the Special Dividend payment?

The delay was caused by a temporary restraining order issued by the Supreme Court of Washington.