SpartanNash Declares Quarterly Cash Dividend
August 26 2016 - 4:05PM
Business Wire
SpartanNash Company (the “Company”) (Nasdaq: SPTN) today
announced that its Board of Directors has declared a quarterly cash
dividend of $0.15 per common share. The dividend will be paid on
September 30, 2016 to shareholders of record as of September 16,
2016. As of August 24, 2016, there were 37,468,112 common shares
outstanding.
About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the leading
distributor serving U.S. military commissaries and exchanges in the
world, in terms of revenue. The Company's core businesses include
distributing grocery products to military commissaries and
exchanges and independent and Company-owned retail stores located
in 47 states and the District of Columbia, Europe, Cuba, Puerto
Rico, Bahrain and Egypt. SpartanNash currently operates 160
supermarkets, primarily under the banners of Family Fare
Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun
Mart.
Forward-Looking Statements
This press release contains “forward-looking” statements within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934. Although
SpartanNash expects to continue to pay a quarterly cash dividend,
adoption of a dividend policy does not commit the Board of
Directors to declare future dividends. Each future dividend will be
considered and declared by the Board of Directors at its
discretion. The ability of the Board of Directors to continue to
declare dividends will depend on a number of factors, including
SpartanNash’s future financial condition and profitability and
compliance with the terms of its credit facilities.
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version on businesswire.com: http://www.businesswire.com/news/home/20160826005073/en/
SpartanNash CompanyInvestors:Chris Meyers, 616-878-8023Executive
Vice President & CFOorMedia:Meredith Gremel, 616-878-2830Vice
President Corporate Affairs and Communications
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