Kroger Co (ticker symbol KR) today announced a new quarterly dividend of $0.26 per share, up 23.8% from the previous quarterly dividend of $0.21 per share. The next quarterly dividend of $0.26 per KR share will be paid on September 1, 2022 to shareholders of record as of close of business on August 15, 2022. The new annualized dividend rate of $1.04 per share translates into a 2.2% dividend yield at a stock price of $47.33 for Kroger.
The company currently pays approximately $757 million in annual dividends to shareholders. Kroger has raised its dividend 16 consecutive years if this new 2022 dividend hike is included.
|Kroger (KR) Dividend history and dividend growth|
|Company name||Kroger Co|
|Dividend paid since||2006|
|Track record (years increased)||16|
|Payment Frequency||Quarterly dividend|
|Dividend growth: 5 year average||15.8%|
|Next dividend per share||$0.26|
|Annual dividend per share||$1.04|
|KR dividend statistics and stock price return as of June 29, 2022|
|YTD Total Return||7.2%|
|Next ex-dividend date||August 12, 2022|
|Next payment date||September 1, 2022|
|Market cap (in $B)||33.87|
|Total dividend (in $B)||0.74|
The Kroger Co. operates supermarkets and multi-department stores throughout the United States. Kroger operates supermarkets under a variety of local banner names, including pharmacies, fuel centers and jewelry stores. The company's brands include Baker's, City Market, Dillons, Food 4 Less, Foods Co, Fred Meyer, Fry's, Gerbes, Harris Teeter, King Soopers, Jay C Food Store, Kroger, Owens Market, Pay-Less Super Markets, QFC, Ralphs and Smith's Food and Drug. The Kroger Co. was founded in 1883 and incorporated in 1902.