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, Lattice Semiconductor (NASDAQ:LSCC)‘s shares surged 5.18% to $6.09.
Lattice Semiconductor (LSCC) declared updates to Lattice Diamond®, iCEcube2™, and ispLEVER® Classic design tool suites. This continued investment in design tools re-affirms Lattice’s commitment to providing customers with industry leading low power, small form factor, and low cost FPGAs.
Lattice Semiconductor Corporation designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers products based on field programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs) architectures.
First Niagara Financial Group Inc. (NASDAQ:FNFG), ended its Thursday’s trading session with -0.94% loss, and closed at $9.46.
First Niagara Financial Group, Inc. (FNFG) named Jeff L. Hubbard to serve as New England Regional President, leading the company’s New Haven-based team of bankers across Connecticut and Massachusetts.
Hubbard joins First Niagara from TD Bank, N.A., where he served for six years, most recently as Regional Vice President, Commercial Banking responsible for managing the daily business activities for the bank in the Hartford region of Connecticut, in addition to expanded responsibility for leading the bank’s commercial, middle market and small business lending activities statewide.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.
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