SpartanNash (SPTN) will raise its quarterly dividend by 5.6 percent to $0.19 per share in the first quarter of 2019. This marks the 9th consecutive year of dividend increases by the grocery distributor.

The dividend will be paid on March 29, 2019 to shareholders of record as of March 15, 2019. A new annual rate of 76 cents yields 4.1% at a stock price of $18.44 for SPTN.

SpartanNash distributes grocery products to independent grocery retailers, national accounts, its corporate owned retail stores, and U.S. military commissaries. SpartanNash serves customer locations in The United States, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash operates supermarkets, primarily under the banners of Family Fare Supermarkets, VG's Food and Pharmacy, D&W Fresh Market, Sun Mart, and Family Fresh Market. Through its MDV military division, SpartanNash is a distributor of grocery products to military commissaries in the United States.