SpartanNash Increases Quarterly Cash Dividend

Rhea-AI Summary

SpartanNash (Nasdaq: SPTN) has announced a 1.1% increase in its quarterly cash dividend to $0.22 per common share, up from the fiscal 2024 quarterly dividend of $0.2175. The dividend will be paid on April 2, 2025, to shareholders of record as of March 21, 2025. The food solutions company reported 33,689,005 common shares outstanding as of March 10, 2025.

Positive

• Dividend increase of 1.1% demonstrates company's financial stability
• Consistent dividend payments signal strong cash flow management

Negative

• Modest 1.1% dividend increase may not keep pace with inflation

GRAND RAPIDS, Mich., March 11, 2025 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) announced that its Board of Directors today approved a quarterly cash dividend of $0.22 per common share, representing a 1.1% increase from its fiscal 2024 quarterly cash dividend of $0.2175. The dividend will be paid on April 2, 2025, to shareholders of record as of the close of business on March 21, 2025. As of March 10, 2025, there were 33,689,005 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 20,000 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 nearly 200 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 with convenience stores. 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:
Kayleigh Campbell
Head of Investor Relations
kayleigh.campbell@spartannash.com 

MEDIA CONTACT:
Adrienne Chance 
SVP and Chief Communications Officer
press@spartannash.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/spartannash-increases-quarterly-cash-dividend-302399023.html

SOURCE SpartanNash

FAQ

What is the new quarterly dividend amount for SpartanNash (SPTN) stock?

SpartanNash's new quarterly dividend is $0.22 per common share, increased from $0.2175.

When will SpartanNash (SPTN) pay its next dividend?

The dividend will be paid on April 2, 2025, to shareholders of record as of March 21, 2025.

How much did SpartanNash increase its dividend in 2025?

SpartanNash increased its quarterly dividend by 1.1%, from $0.2175 to $0.22 per share.

How many outstanding shares does SpartanNash (SPTN) have?

As of March 10, 2025, SpartanNash had 33,689,005 common shares outstanding.