CINCINNATI — Responding to a sluggish stock price and investors who long complained its payout was too low, Kroger Co. has approved what it called a “substantial” increase in its quarterly dividend. The company said it would pay a dividend of 15 cents per share on Dec. 1 to shareholders of record as of the close of business on Nov. 15. That represents a 30% increase from its last quarterly dividend, of 11.5 cents per share. “This substantial dividend increase ...

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