The Kroger Corporation (NYSE: KR) Board of Directors announced today that it will pay a quarterly dividend of 18 cents per share to registered shareholders when the company closes on May 14, 2021, and June 1, 2021.
Since its re-establishment in 2006, the company’s quarterly revenues have grown with double-digit compound annual growth. The company still predicts that, with board approval, dividends will continue to grow over time.
Kroger’s capital allocation strategy is to use the free cash flow to invest in companies and drive profitable growth while maintaining the current investment-grade credit rating and returning equity to shareholders.
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This press release contains forward-looking statements, as the term was defined in the Securities Litigation Reform Act 1995, regarding the future performance of the company. These statements are based on the assumptions and beliefs of current government information. These sentences are expressed as ‘wait’, ‘communication’, ‘strategy’, and ‘goal’. Our ability to continue to fund dividends and increase profits over time will be impacted by our ability to generate expected levels of free cash flow and to generate expected operating results. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially. We are under no obligation to update any of the information in this article. For more information about these risks and uncertainties, please refer to the Kroger report and file it with the Securities and Exchange Commission.