SPRINGFIELD, N.J. -- The board of directors of Village Super Market here on Wednesday declared a 2-for-1 stock split and a 12.5% increase in its quarterly dividend. The stock split will be payable April 26; dividends have been increased to 18 cents per Class A share and to 11.7 cents on Class B shares, the retailer said. Also, this week Village reported that net income increased by 14% to $5.1 million on sales of $270.4 million during the fiscal second quarter that ended Jan. 27. Same-store sales improved by 1.6%, Village said, with newly remodeled locations in Springfield and Bernardsville, N.J., contributing to the sales increase. Village operates 23 stores under the ShopRite banner in New Jersey and Pennsylvania.
Village Super Market Declares Stock Split
SPRINGFIELD, N.J. -- The board of directors of Village Super Market here on Wednesday declared a 2-for-1 stock split and a 12.5% increase in its quarterly dividend.
