Natural Grocers by Vitamin Cottage, Inc. Declares Quarterly Dividend
Rhea-AI Summary
Natural Grocers by Vitamin Cottage (NYSE: NGVC) has declared a quarterly cash dividend of $0.10 per common share, payable on September 18, 2024, to stockholders of record as of September 3, 2024. The company, founded in 1955, is a specialty retailer of natural and organic groceries, body care products, and dietary supplements. Natural Grocers operates 169 stores across 21 states, offering products that meet strict quality guidelines without artificial additives or hydrogenated oils. The company is known for its:
- USDA certified organic produce
- Pasture-raised, non-confinement dairy products
- Free-range eggs
- Flexible smaller-store format
- Affordable prices
- Free science-based nutrition education programs
Positive
- Consistent dividend payment, indicating financial stability
- Expansion to 169 stores across 21 states, showing growth
- Niche market position in natural and organic products
- Commitment to quality with strict product guidelines
Negative
- None.
News Market Reaction – NGVC
In the trading session that priced this news, NGVC gained 3.81%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an expanding specialty retailer of natural and organic groceries, body care products and dietary supplements. The products sold by Natural Grocers must meet strict quality guidelines and may not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products, and free-range eggs. Natural Grocers' flexible smaller-store format allows it to offer affordable prices in a shopper-friendly, clean and convenient retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. The Company, founded in 1955, has 169 stores in 21 states.
Visit www.NaturalGrocers.com for more information and store locations.
Forward-Looking Statements
The following constitutes a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, statements in this release are "forward-looking statements" and are based on management's current expectations and are subject to uncertainty and changes in circumstances. All statements that are not statements of historical fact are forward-looking statements. Actual results could differ materially from these expectations due to changes in global, national, regional or local political, economic, inflationary, deflationary, recessionary, business, interest rate, labor market, competitive, market, regulatory and other factors, and other risks detailed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2023 (the Form 10-K) and the Company's subsequent quarterly reports on Form 10-Q. The information contained herein speaks only as of the date of this release and the Company undertakes no obligation to publicly update forward-looking statements, except as may be required by the securities laws.
For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Form 10-K and the Company's subsequent quarterly reports on Form 10-Q, copies of which may be obtained by contacting Investor Relations at 303-986-4600 or by visiting the Company's website at http://Investors.NaturalGrocers.com.
Investor Contact:
Reed Anderson, ICR, 646-277-1260, reed.anderson@icrinc.com
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SOURCE Natural Grocers by Vitamin Cottage, Inc.