SpartanNash Declares Quarterly Cash Dividend

Rhea-AI Summary

SpartanNash, a food solutions company, has announced the approval of a quarterly cash dividend of $0.2175 per common share by its Board of Directors on May 22, 2024. The dividend will be disbursed on June 28, 2024, to shareholders recorded by the close of business on June 14, 2024. As of May 21, 2024, the company had 33,953,593 common shares outstanding.

Positive

• Approval of a quarterly cash dividend of $0.2175 per common share.
• Dividend to be paid on June 28, 2024.
• Record date set for June 14, 2024.
• 33,953,593 common shares outstanding as of May 21, 2024.

Negative

• No mention of revenue growth or profitability improvements.
• Potential dividend cut risk if financial performance declines.

GRAND RAPIDS, Mich., May 23, 2024 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced that on May 22, 2024, its Board of Directors approved a quarterly cash dividend of $0.2175 per common share. The dividend will be paid on June 28, 2024, to shareholders of record as of the close of business on June 14, 2024. As of May 21, 2024, there were 33,953,593 common shares outstanding.

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family^® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

INVESTOR CONTACT:
Rose & Company
SpartanNashIR@roseandco.com

MEDIA CONTACT:
Adrienne Chance 
SVP, Communications
press@spartannash.com 

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SOURCE SpartanNash

FAQ

What dividend did SpartanNash announce for Q2 2024?

SpartanNash announced a quarterly cash dividend of $0.2175 per common share.

When will SpartanNash pay the announced quarterly dividend?

The dividend will be paid on June 28, 2024.

What is the record date for SpartanNash's quarterly dividend?

The record date for the quarterly dividend is June 14, 2024.

How many common shares does SpartanNash have outstanding as of May 21, 2024?

SpartanNash has 33,953,593 common shares outstanding as of May 21, 2024.