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SpartanNash (Nasdaq: SPTN) announced a quarterly cash dividend of $0.21 per common share, approved by its Board of Directors on May 25, 2022. The dividend is set for payment on June 30, 2022, to shareholders on record as of June 15, 2022. The company reported 36,126,354 common shares outstanding as of May 26, 2022. SpartanNash's capital allocation strategy aims for a balanced approach, including annual dividend increases and share repurchases, supporting their growth framework, Our Winning Recipe™.
Positive
Quarterly cash dividend of $0.21 enhances shareholder income.
Consistent annual dividend increases indicate strong company performance.
Share repurchase initiatives signal confidence in company valuation.
Negative
None.
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--
SpartanNash Company (Nasdaq: SPTN) ("SpartanNash" or the "Company") today announced that on May 25, 2022, its Board of Directors approved a quarterly cash dividend of $0.21 per common share. The dividend will be paid on June 30, 2022, to shareholders of record as of the close of business on June 15, 2022. As of May 26, 2022, there were 36,126,354 common shares outstanding.
“We take a disciplined and balanced approach with our capital allocation plan, which has included increased dividends on a yearly basis, share repurchases, and investments that have supported the growth being generated by Our Winning Recipe™,” said SpartanNash President and CEO Tony Sarsam.
About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. As a distributor, wholesaler and retailer with a global supply chain network, SpartanNash customers span a diverse group of national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries and exchanges, and the Company's own brick-and-mortar grocery stores, pharmacies and fuel centers. SpartanNash distributes grocery and household goods, including fresh produce and its Our Family® portfolio of products, to locations in all 50 states, in addition to distributing to the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, Djibouti, Korea and Japan. In addition, the Company owns and operates 145 supermarkets - primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market - and shares its operational insights to drive innovative solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,500 strong and growing. For more information, visit spartannash.com.
