StockNews.AI
SPTN
StockNews.AI
161 days

SpartanNash Increases Quarterly Cash Dividend

1. SPTN declared a quarterly cash dividend of $0.22 per share. 2. This represents a 1.1% increase from the previous dividend. 3. The payout date is set for April 2, 2025. 4. As of March 10, 2025, SPTN has approximately 33.7 million shares outstanding. 5. SpartanNash operates both food wholesale and grocery retail sectors.

6m saved
Insight
Article

FAQ

Why Bullish?

The increase in dividends signals financial stability and confidence, potentially boosting investor interest. Historically, dividend increases correlate with positive stock performance as seen with grocery retail competitors.

How important is it?

The dividend increase reflects strong company performance, which is likely to reassure investors. Given the current market trend towards rewarding established companies with stable dividends, this announcement has considerable impact potential.

Why Short Term?

The announced dividend increase may result in immediate positive market reactions as investors appreciate immediate returns. Similar announcements in the retail sector have shown short-lived price spikes.

Related Companies

KRWMTCOST
Resources Blog Journalists Client Login Send a Release News Products Contact , /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) announced that its Board of Directors today approved a quarterly cash dividend of $0.22 per common share, representing a 1.1% increase from its fiscal 2024 quarterly cash dividend of $0.2175. The dividend will be paid on April 2, 2025, to shareholders of record as of the close of business on March 21, 2025. As of March 10, 2025, there were 33,689,005 common shares outstanding. About SpartanNash SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 20,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family® portfolio of products. On the retail side, SpartanNash operates nearly 200 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers with convenience stores. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com. INVESTOR CONTACT:Kayleigh CampbellHead of Investor Relations[email protected]  MEDIA CONTACT: Adrienne Chance  SVP and Chief Communications Officer[email protected]  SOURCE SpartanNash WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News