Yield Increased to 2.5%
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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.