PLEASANTON, Calif. -- Safeway here expressed confidence in its future earnings power last week by declaring a quarterly dividend -- the company's first dividend since it went public in 1990. The initial dividend will pay 5 cents a share on July 17 to shareholders of record on June 16. Analysts contacted by SN were divided in their reactions to the dividend, with several pointing to the small amount of the payout and the potential negative impact on the company's ability to continue ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.