Kroger board raises quarterly dividend 10% to 32c per share

The Kroger Co.’s Board of Directors approved a dividend increase from $1.16 to $1.28 per year. The next quarterly dividend of 32c per share will be paid on September 1, 2024, to shareholders of record as of close of business on August 15, 2024. “The dividend increase is a reflection of the Board of Directors’ confidence in the strength of our diverse model,” said Rodney McMullen, Kroger’s Chairman and CEO. “Kroger is delivering consistent operating results and generating strong free cash flow, which enables us to return value to shareholders while investing to grow our business.”