Kroger Co. said Thursday that it raised its quarterly dividend by 14% to 12 cents per share, to be paid on Sept. 1 to shareholders of record as of the close of business on Aug. 15. Kroger said it expects to continue to increase the dividend “over time.” The company also said it has approved a $500 million share repurchase program. This new program replaces the prior share repurchase authorization, which has been completed. Kroger shares are up 0.7% in Thursday trading, but down 17.6% for the year to date. The S&P 500 is up 3% for the year so far.
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