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SpartanNash Declares Quarterly Cash Dividend

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Rhea-AI Summary

SpartanNash Company (NASDAQ: SPTN) announced a quarterly cash dividend of $0.20 per common share on August 25, 2021, to be paid on September 30, 2021. Shareholders of record as of September 15, 2021 will receive this dividend. As of August 27, 2021, the company had 35,948,821 common shares outstanding. SpartanNash distributes grocery products to a wide range of retailers and operates corporate-owned retail stores, serving customers across the U.S. and internationally.

Positive
  • Quarterly cash dividend of $0.20 per share enhances shareholder income.
  • Dividend payment reflects company confidence in financial stability.
Negative
  • None.

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- SpartanNash Company (Nasdaq: SPTN) ("SpartanNash" or the "Company") today announced that on August 25, 2021, its Board of Directors has approved a quarterly cash dividend of $0.20 per common share. The dividend will be paid on September 30, 2021 to shareholders of record as of the close of business on September 15, 2021. As of August 27, 2021, there were 35,948,821 common shares outstanding.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores and U.S. military commissaries and exchanges; as well as operating a premier fresh produce distribution network. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar and Djibouti. SpartanNash currently operates 148 supermarkets, primarily under the banners of Family Fare, Martin’s Super Markets, D&W Fresh Market, VG’s Grocery and Dan’s Supermarket. Through its MDV military division, SpartanNash is a leading distributor of grocery products to U.S. military commissaries.

Investor:

Jason Monaco

Executive Vice President and Chief Financial Officer

Jason.Monaco@spartannash.com

Chris Mandeville and Anna Kate Heller ICR

SpartanNashIR@icrinc.com

Media:

Adrienne Chance

Vice President, Communications

Adrienne.Chance@spartannash.com

Source: SpartanNash Company

FAQ

What is the dividend amount announced by SpartanNash?

SpartanNash announced a quarterly cash dividend of $0.20 per common share.

When will SpartanNash pay its dividend?

The dividend will be paid on September 30, 2021.

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

The record date for the dividend is September 15, 2021.

How many shares outstanding does SpartanNash have?

As of August 27, 2021, SpartanNash had 35,948,821 common shares outstanding.

Why might investors be interested in SpartanNash's dividend?

Investors may see the dividend as a sign of financial health and commitment to returning value to shareholders.

SpartanNash Company

NASDAQ:SPTN

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625.14M
33.24M
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2.05%
Food Distribution
Wholesale-groceries, General Line
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United States of America
GRAND RAPIDS