PLEASANTON, Calif. — The board of directors of Safeway here said Friday that it had authorized the company to repurchase another $1 billion worth of its stock. The authorization increased Safeway’s current repurchase plan to $6 billion. The retailer had about $720 million left under its current repurchase authorization. The timing and volume of the purchase will depend on market conditions, the company said. Safeway also announced a 10 cents per share dividend, payable to qualified ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

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.