SpartanNash Increases Quarterly Cash Dividend

Rhea-AI Summary

SpartanNash announced on March 1, 2023, the approval of a quarterly cash dividend of $0.215 per common share, marking a 2.4% increase from the previous fiscal year’s dividend of $0.21. This dividend will be payable on March 31, 2023, to shareholders on record as of the close of business on March 17, 2023. As of February 28, 2023, SpartanNash had 35,061,566 shares outstanding. The company operates a diverse supply chain network, distributing grocery and household items across all 50 states and internationally.

Positive

• Quarterly cash dividend increased by 2.4% to $0.215 per share.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

GRAND RAPIDS, Mich., March 3, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced that on March 1, 2023, its Board of Directors approved a quarterly cash dividend of $0.215 per common share, representing a 2.4% increase from its fiscal 2022 quarterly cash dividend of $0.21. The dividend will be paid on March 31, 2023, to shareholders of record as of the close of business on March 17, 2023. As of February 28, 2023, there were 35,061,566 common shares outstanding.

About SpartanNash 
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. As a distributor, wholesaler and retailer with a global supply chain network, SpartanNash customers span a diverse group of national accounts, independent and chain grocers, e-commerce retailers, U.S. military commissaries and exchanges, and the Company's own brick-and-mortar grocery stores, pharmacies and fuel centers. SpartanNash distributes grocery and household goods, including fresh produce and its Our Family^® portfolio of products, to locations in all 50 states, in addition to distributing to the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, Djibouti, Korea and Japan. To support its distribution business, the Company operates a strategically developed network of large-scale distribution facilities and a nationwide transportation fleet. In addition, the Company owns and operates 147 supermarkets - primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market - and shares its operational insights to drive innovative solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,500 strong and growing. For more information, visit spartannash.com.

MEDIA CONTACT: 
Adrienne Chance  
SVP, Communications 
SpartanNash 
press@spartannash.com 

INVESTOR CONTACT:
Kayleigh Campbell
Head of Investor Relations
kayleigh.campbell@spartannash.com 

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SOURCE SpartanNash

FAQ

What is the new quarterly cash dividend for SpartanNash (SPTN)?

The new quarterly cash dividend for SpartanNash (SPTN) is $0.215 per common share.

When will SpartanNash's dividend be paid?

SpartanNash's dividend will be paid on March 31, 2023.

What was the previous quarterly cash dividend amount for SpartanNash (SPTN)?

The previous quarterly cash dividend for SpartanNash (SPTN) was $0.21 per share.

Who are the shareholders eligible for the dividend from SpartanNash (SPTN)?

Shareholders of record as of the close of business on March 17, 2023, are eligible for the dividend.