Safeway Inc. Board of Directors Accelerates Payment of Regular Quarterly Dividend
NEWS PROVIDED BY:
Marketwire
PLEASANTON, CA -- (Marketwire) -- 12/06/12 -- Safeway Inc. (SWY) announced that its Board of Directors yesterday declared and approved an acceleration of its regular quarterly cash dividend. The cash dividend of $0.175 per share will be payable on December 31, 2012 to stockholders of record at the close of business on December 17, 2012. This fourth quarter dividend has typically been paid in January.
Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,644 stores in the United States and western Canada and had annual sales of $43.6 billion in 2011.
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Christiane Pelz
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Source: Safeway Inc.
Yes, it is. There are a lot of people trying to lock in the 4+% dividend and the stock price is being driven by supply and demand. Those willing to buy and those willing to sell.