Albertsons Companies, Inc. (ACI) will start paying a quarterly dividend of $0.10 per share in 2020. This is the first dividend announced by the company following its IPO on June 26, 2020.

The next cash dividend is payable on November 10, 2020 to stockholders of record as of the close of business on October 26, 2020. The estimated dividend yield is 2.8%.

The company states that the cash dividend is consistent with the Company’s dividend policy established in connection with its initial public offering. 

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons Companies operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci’s Food Lovers Market. Albertsons Companies became a public company on June 26, 2020.