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Safeway declares quarterly cash dividend of $0.20 per share

BY Michael Johnsen

PLEASANTON, Calif. — Safeway on Friday declared a regular quarterly cash dividend of $0.20 per share. 

The dividend matches what Safeway had issued in the previous quarter. Shares were down 19 cents for the day, closing at $26.69.  

"The grocer has been a reliable dividend payer over the years, although it’s currently burdened by a high level of debt and a relatively low reserve of cash," reported The Motley Fool. "The just-declared dividend annualizes to $0.80 per share. That yields just under 3% at Safeway’s most recent closing stock price." 

The cash dividend will be payable Oct. 10 to stockholders of record at the close of business on Sept. 19.


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RxAlly closes

BY Alaric DeArment

NEW YORK — An organization founded to help patients improve their health through personalized care from pharmacists and reduce health costs is closing.

In a statement on its website, RxAlly said its board had voted to close the company, effective Friday after 18 months in operation. Calls to the organization were not answered.

"While we are disappointed in this outcome, we appreciate the progress we made in developing a shared interest in advancing pharmacist care, and thank you for your support and belief in our company and our mission," the statement read.

The company was founded in February 2012 as an alliance of more than 20,000 pharmacies around the country, with former EVP and CEO Bruce Roberts of the National Community Pharmacists Association at the helm.

 

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Stop & Shop promotes health and wellness for kids in R.I.

BY Alaric DeArment

QUINCY, Mass. — Stop & Shop recently sponsored a "Healthy Kids Summit" in Pawtucket, R.I., with help from local community health experts, the company said.

The summit drew more than 300 local residents and customers and included the Boys & Girls Club of Pawtucket, Memorial Hospital of Rhode Island director of clinical pediatrics and pediatric education Marjorie Nasin, the Rhode Island Community Food Bank and Tony Thomas, infielder of the Pawtucket Red Sox, a minor league baseball team. The event included programs about childhood obesity and how kids can stay fit and eat healthy.

"As a grocery chain with close ties to New England, Stop & Shop is committed to fighting childhood obesity by encouraging small, simple changes in fitness and eating habits that make a big impact," Stop & Shop New England Division nutritionist Julie Menounos said. "Today’s Healthy Kids Summit provided relevant information on nutrition, exercise and balanced lifestyles that will help families make better decisions. We’re thankful for our dedicated panelists and partners who help make these fun, inspirational and educational summits a possibility."

 

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