Kroger raises quarterly dividend

CINCINNATI — Kroger's board of directors on Thursday raised the quarterly dividend by 10%, to 16.5 cents per share, to be paid on Dec. 1, 2013 to shareholders of record as of the close of business on Nov. 15, 2013.

"This increase reflects the board of directors' continued confidence that our Customer 1st strategy delivers sustainable shareholder value," stated David Dillon, Kroger's chairman and CEO. "Since we reinstated dividends in 2006, Kroger has returned more than $8.3 billion to shareholders through dividends and share repurchases."

Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time, the grocer stated.

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