Albertsons hikes dividend by 25%
Albertsons Companies, Inc. (ACI) will hike its quarterly dividend by 25% to $0.15 quarterly per share. This marks the 2nd dividend increase since a dividend was initiated by ACI in 2020.
Albertsons Companies, Inc. today announced its Board of Directors has declared a cash dividend for the fourth quarter of fiscal 2024 of $0.15 per share of common stock. The cash dividend is payable on February 7, 2025, to stockholders of record as of the close of business on January 24, 2025.
The dividend yield for ACI is 2.4% at a stock price of $19.73. In 2021, the first year after a dividend was initiated, the dividend was hiked by 20% followed by three years without a dividend increase, also because of the pending merger with Kroger (KR).
Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons Companies operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci’s Food Lovers Market. Albertsons Companies became a public company on June 26, 2020.
