The Kroger Co.'s KR Board
of Directors today raised the quarterly dividend by approximately 30 percent,
to 15¢ per share, to be paid on December 1, 2012 to shareholders of record as
of the close of business on November 15, 2012.
"This substantial dividend increase demonstrates the confidence of our Board
of Directors that the Customer 1st strategy will produce strong returns for
shareholders," said David B. Dillon, Kroger's chairman and chief executive
officer. "The 30 percent increase demonstrates our ability to continue to
generate strong free cash flow and operating results."
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