SpartanNash (SPTN) will raise its quarterly dividend by 1.3 percent to $0.1925 per share in 2020. This marks the 10th consecutive year of dividend increases by the grocery distributor. Last year the company hiked its dividend by 5.6 percent.

The next dividend will be paid on March 31, 2020 to shareholders of record as of March 10, 2020. A new annual rate of 7 cents per share yields 6.2% at a stock price of $12.43 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.