Kroger's Board of Directors Declares Quarterly Dividend
The Kroger Co. (NYSE: KR) has announced a quarterly dividend of 32 cents per share, payable on December 1, 2024, to shareholders of record as of November 15, 2024. This decision was made by Kroger's Board of Directors on September 19, 2024. The company's quarterly dividend has shown impressive growth, with a 13.5% compounded annual growth rate since its reinstatement in 2006. Kroger expects to continue increasing dividends over time, subject to board approval.
Kroger's capital allocation strategy focuses on using free cash flow to invest in business growth, maintain its investment grade debt rating, and return capital to shareholders. The company aims to balance these goals effectively.
Kroger Co. (NYSE: KR) ha annunciato un dividendo trimestrale di 32 centesimi per azione, pagabile il 1 dicembre 2024, agli azionisti registrati al 15 novembre 2024. Questa decisione è stata presa dal Consiglio di Amministrazione di Kroger il 19 settembre 2024. Il dividendo trimestrale dell'azienda ha mostrato una crescita impressionante, con un tasso di crescita annuale composto del 13,5% dalla sua reintegrazione nel 2006. Kroger prevede di continuare ad aumentare i dividendi nel tempo, soggetti all'approvazione del consiglio.
La strategia di allocazione del capitale di Kroger si concentra sull'uso del flusso di cassa libero per investire nella crescita dell'azienda, mantenere il suo rating di credito investment grade e restituire capitale agli azionisti. L'azienda mira a bilanciare efficacemente questi obiettivi.
Kroger Co. (NYSE: KR) ha anunciado un dividendo trimestral de 32 centavos por acción, pagadero el 1 de diciembre de 2024, a los accionistas registrados a partir del 15 de noviembre de 2024. Esta decisión fue tomada por la Junta de Directores de Kroger el 19 de septiembre de 2024. El dividendo trimestral de la empresa ha mostrado un crecimiento impresionante, con una tasa de crecimiento anual compuesta del 13,5% desde su restablecimiento en 2006. Kroger espera continuar aumentando los dividendos con el tiempo, sujeto a la aprobación de la junta.
La estrategia de asignación de capital de Kroger se centra en utilizar el flujo de efectivo libre para invertir en el crecimiento del negocio, mantener su calificación de deuda investment grade y devolver capital a los accionistas. La empresa busca equilibrar estos objetivos de manera efectiva.
Kroger Co. (NYSE: KR)는 주당 32센트의 분기 배당금을 발표했으며, 2024년 12월 1일에 지급될 예정입니다. 배당금 지급 대상자는 2024년 11월 15일 기준으로 등록된 주주들입니다. 이 결정은 2024년 9월 19일 Kroger 이사회에 의해 이루어졌습니다. 회사의 분기 배당금은 2006년 재개 이후 13.5%의 연평균 성장률을 기록하며 인상적인 성장을 보여주었습니다. Kroger는 이사회의 승인을 조건으로 향후에도 배당금을 지속적으로 증가시킬 것으로 기대하고 있습니다.
Kroger의 자본 배분 전략은 자유 현금 흐름을 사용하여 사업 성장에 투자하고, 투자 등급 부채 등급을 유지하며, 주주에게 자본을 환원하는 데 중점을 두고 있습니다. 회사는 이러한 목표를 효과적으로 조화롭게 수행하려고 합니다.
Kroger Co. (NYSE: KR) a annoncé un dividende trimestriel de 32 cents par action, payable le 1er décembre 2024, aux actionnaires enregistrés au 15 novembre 2024. Cette décision a été prise par le Conseil d'Administration de Kroger le 19 septembre 2024. Le dividende trimestriel de la société a affiché une croissance impressionnante, avec un taux de croissance annuel composé de 13,5% depuis sa réinstauration en 2006. Kroger s'attend à continuer à augmenter les dividendes au fil du temps, sous réserve de l'approbation du conseil.
La stratégie d'allocation de capital de Kroger se concentre sur l'utilisation des flux de trésorerie disponibles pour investir dans la croissance de l'entreprise, maintenir sa note de crédit investment grade et retourner du capital aux actionnaires. L'entreprise vise à équilibrer efficacement ces objectifs.
Kroger Co. (NYSE: KR) hat eine vierteljährliche Dividende von 32 Cent pro Aktie angekündigt, die am 1. Dezember 2024 an die Aktionäre ausgezahlt wird, die am 15. November 2024 im Aktienregister eingetragen sind. Diese Entscheidung wurde vom Aufsichtsrat von Kroger am 19. September 2024 getroffen. Die vierteljährliche Dividende des Unternehmens hat ein beeindruckendes Wachstumshow gezeigt, mit einer jährlichen Wachstumsrate von 13,5% seit ihrer Wiederherstellung im Jahr 2006. Kroger erwartet, die Dividenden im Laufe der Zeit weiter zu erhöhen, vorbehaltlich der Genehmigung durch den Aufsichtsrat.
Die Kapitalallokationsstrategie von Kroger konzentriert sich darauf, den freien Cashflow zu nutzen, um in das Unternehmenswachstum zu investieren, das Investment-Grade-Kreditrating zu halten und Kapital an die Aktionäre zurückzugeben. Das Unternehmen strebt an, diese Ziele effektiv in Einklang zu bringen.
- Quarterly dividend of 32 cents per share declared
- 13.5% compounded annual growth rate in quarterly dividend since 2006
- Expectation of increasing dividends over time
- Commitment to maintaining investment grade debt rating
- None.
Insights
Kroger's dividend declaration demonstrates the company's commitment to shareholder returns. The 32 cents per share quarterly dividend maintains the company's streak of consistent payouts. The
However, investors should note that this announcement doesn't represent an increase from the previous quarter's dividend. The company's statement about expecting an increasing dividend over time suggests potential future growth, but it's not guaranteed. Kroger's focus on maintaining its investment grade debt rating while balancing shareholder returns and business investments indicates a cautious, yet shareholder-friendly approach to capital allocation.
Kroger's dividend policy reflects broader trends in the grocery retail sector. In a highly competitive market with thin margins, consistent dividend payments can be seen as a signal of financial stability and confidence in future cash flows. The company's balanced approach to capital allocation, emphasizing both business investment and shareholder returns, aligns with industry best practices.
However, investors should consider that while dividends provide steady income, they may limit funds available for expansion or digital transformation initiatives important in the evolving retail landscape. The lack of a dividend increase in this announcement might be interpreted as Kroger prioritizing financial flexibility in an uncertain economic environment, which could be viewed positively or negatively depending on investor preferences.
The company's quarterly dividend has grown at a
Kroger's capital allocation strategy is to use its free cash flow to invest in the business to drive long-term sustainable net earnings growth while also maintaining its current investment grade debt rating and returning capital to shareholders. The company actively balances the use of its free cash flow to achieve these goals.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: to Feed the Human Spirit™. We are, across our family of companies nearly half a million associates who serve over eleven million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.
This press release contains certain statements that constitute "forward-looking statements" about the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "continues," "expect," "goals," and "strategy." Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as the following:
Kroger's ability to achieve sales, earnings, incremental FIFO operating profit, and adjusted free cash flow goals may be affected by: our proposed transaction with Albertsons, including, among other things, our ability to consummate the proposed transaction and related divestiture plan, including on the terms of the merger agreement and divestiture plan, on the anticipated timeline, with the required regulatory approvals, and/or resolution of pending litigation challenging the merger; labor negotiations; potential work stoppages; changes in the unemployment rate; pressures in the labor market; changes in government-funded benefit programs; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary, disinflationary and/or deflationary trends and such trends in certain commodities, products and/or operating costs; the geopolitical environment including wars and conflicts; unstable political situations and social unrest; changes in tariffs; the effect that fuel costs have on consumer spending; volatility of fuel margins; manufacturing commodity costs; supply constraints; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertainty of economic growth or recession; stock repurchases; changes in the regulatory environment in which Kroger operates; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute our growth strategy and value creation model, including continued cost savings, growth of our alternative profit businesses, and our ability to better serve our customers and to generate customer loyalty and sustainable growth through our strategic pillars of fresh, our brands, personalization, and seamless; and the successful integration of merged companies and new partnerships; and the risks relating to or arising from our proposed nationwide opioid litigation settlement, including our ability to finalize and effectuate the settlement, the scope and coverage of the ultimate settlement and the expected financial or other impacts that could result from the settlement. Our ability to achieve these goals may also be affected by our ability to manage the factors identified above. Our ability to execute our financial strategy may be affected by our ability to generate cash flow.
Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.
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SOURCE The Kroger Co.
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