Estimating an annual dividend of 60 cents per share and a valuation of $23.92 (as it was trading when Kroger announced the dividend), Kroger increased its yield from 2% to 2.5% and its payout ratio from 19.2% to 24.9%. Combined with an expected return of inflation in 2013, Heinbockel said the dividend could provide a lift for the stock. Heinbockel said he expected inflation of between 3% and 4% in 2013, up from around 1% this year. Read more: Kroger Sales Up, but Taxes Nip ...

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