On Thursday, Kroger Co (NYSE:KR)’s shares declined -0.19% to $73.09.
Kroger Co (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
13.5% Quarterly Dividend Enhance
Kroger’s Board raised the quarterly dividend to 21 cents per share on a pre-split basis. Because the dividend will be paid after the stock split is effective, shareholders of record as of the close of business on August 14, 2015 will be paid 10.5 cents per split-adjusted share on September 1, 2015.
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.
2-for-1 Stock Split
Kroger’s Board approved a two-for-one split of its common shares. On or about July 13, 2015, each shareholder of record as of the close of business on July 6, 2015 will receive a dividend of one common share for each common share held. Based on the net number of common shares outstanding as of May 23, 2015, the stock split will enhance the net number of common shares outstanding from about 481 million to 962 million.
This is the fifth stock split in Kroger’s history. The stock split formerly in 1979, 1986, 1997 and 1999.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, in addition to meat, dairy, baked goods, and fresh produce items.
Investors Bancorp, Inc. (NASDAQ:ISBC)’s shares dropped -1.13% to $12.29.
Investors Bancorp, Inc. (ISBC) declared that it anticipates to report earnings for the second quarter ending June 30, 2015, on Thursday, July 30, 2015 at about 5:00 p.m. Eastern Time (ET).
Investors Bancorp, Inc. operates as the holding company for Investors Bank that provides various banking products and services for businesses and individuals in the United States. It offers deposit products, such as savings, checking, and money market accounts, in addition to certificates of deposit.
At the end of Thursday’s trade, Kohl’s Corporation (NYSE:KSS)‘s shares surged 0.49% to $63.13.
Kohl’s Corporation (KSS) has declared senior administration changes to enable smooth operations.
Kohl’s has designated Michelle Gass to the position of Chief Merchandising and Customer Officer. In her new role, Gass is predictable to oversee all of Kohl’s merchandising, planning and allocation, and product development functions. Gass will also be responsible for overall customer engagement strategy, which comprises the company’s marketing, public relations and social media efforts. Gass will continue to report to Kevin Mansell, Kohl’s chairman, chief executive officer and president.
Kohl’s also promoted Wesley McDonald to the position of Chief Financial Officer and Richard Schepp to the position of Chief Administrative Officer.
Kohl’s is also looking for a new Chief Operating Officer (‘COO’), who together with Gass, can succeed Mansell upon his eventual retirement. Until the company finds its new COO, Mansell will oversee the responsibilities of a COO for the company’s store operations, logistics and supply chain network, information and digital technology, e-commerce strategy and operations, and store construction and design.
Mansell became the CEO of the company in 2008. However, since then, statedly, the retailer’s sales not taking into account newly opened or closed stores have been sluggish. Profits have also been weak.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices. As of March 03, 2015, it operated 1,162 department stores in 49 states Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
Popular Inc (NASDAQ:BPOP), ended its Thursday’s trading session with -1.26% loss, and closed at $29.68.
Popular Inc (BPOP) declared that it anticipates to report its financial results for the second quarter ending June 30, 2015 before the market opens on Friday, July 24, 2015.
Popular will hold a conference call to talk about the financial results the same day at 10:00 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed through the investor relations section of the Corporation’s website: www.popular.com.
Popular, Inc., through its auxiliaries, provides various retail and commercial banking products and services primarily to institutional and retail customers. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage and construction loans; and consumer loans, counting personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.
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