Now, according to the Board of Directors of Kroger Corporation today announced a quarterly dividend of 18 cents per share to be paid on June 1, 2021, to shareholders of record with effect from the business close of May 14, 2021.
The company’s quarterly earnings have grown at a double-digit compound annual growth rate since it was restored in 2006. The company still expects, subject to board approval, to increase profits over time.
Did you know that Kroger’s capital allocation strategy is to use free cash flow to invest in businesses and drive profitable growth while also maintaining its existing investment grade debt rating and returning capital to shareholders? The company is actively working to balance the use of free cash flow to achieve these goals.
- What’s Happening this Week at Kroger’s? Here’s the update
- The Kroger Co stock price looks to be diffidently overvalued
- School of Public Health students volunteer at the Kroger Field Vaccination Clinic
- What is Kroger’s reaction a a mass shooting at a Colorado store?
- Employee and community members call on Kroger to stop closing local stores
While, this statement release contains forward-looking statements, as this term is defined in the Securities Litigation Reform Act of 1995, about the future performance of the company. These statements are based on the assumptions and beliefs of management in light of the information they currently have. Such statements are indicated by the words “expect,” “communication,” “strategy,” and “goals.” Our ability to continue to fund dividends and increase our profits over time will be affected by our ability to generate free cash flow at expected levels and our ability to achieve expected operating results. These forward-looking statements are subject to uncertainties and other factors that could cause actual results to differ materially.
Now, another event which is taking place During this week is Colorado-based Planterra Foods – owned by Brazilian meat company JBS – launched its new vegan OZO frozen food line at more than 2,700 Kroger stores across the country, along with other retailers. The new line features vegan Smokehouse Burgers and Original Breakfast Sausages. In the coming months, Planterra plans to expand its frozen OZO line to include Italian-style plant-based meatballs and two rusk varieties: vegan nuggets and vegan pies.
Here’s the official statement by the company “We are excited to welcome the OZO Frozen line to our stores,” said Season Lawrence, Director of the Packaged Meat category at Kroger. “With more consumers looking for vegan options to add to their daily meals, this new line of soy-free products brings exciting new innovation to the frozen aisle and delicious flavor to the entire range of OZO products.” Are you excited? Let us know what are your thoughts on this? In the comment section below!