SpartanNash (SPTN) will raise its quarterly dividend by 3.9 percent to 20 cents per share in 2021. This follows a dividend hike of 1.3 percent to $0.1925 per share in 2020. This also marks the 11th consecutive year of dividend increases by the grocery distributor. 

The next dividend will be paid on March 31, 2021 to shareholders of record as of March 15, 2021. A new annual rate of 80 cents per share yields 4.1% at a stock price of $20.44 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.