Village Super Market, Inc. Declares Quarterly Dividend
Rhea-AI Summary
The Board of Directors of Village Super Market, ticker VLGEA, announced quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share.
The dividends will be payable on July 25, 2024, to shareholders recorded by July 4, 2024.
Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands in New Jersey, Maryland, New York, and eastern Pennsylvania, along with three Gourmet Garage specialty markets in New York City.
Positive
- Quarterly cash dividends declared: $0.25 per Class A common share and $0.1625 per Class B common share.
- Dividends payable on July 25, 2024, ensuring returns to shareholders.
- Village Super Market operates 34 supermarkets and 3 specialty markets, indicating a significant market presence.
Negative
- No new business developments or expansions announced.
- Dividends, while beneficial, do not indicate immediate business growth.
News Market Reaction
On the day this news was published, VLGEA declined 2.44%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SPRINGFIELD, N.J., June 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared quarterly cash dividends of
Village Super Market operates a chain of 34 supermarkets under the ShopRite and Fairway names in New Jersey, Maryland, New York and eastern Pennsylvania and three specialty markets under the Gourmet Garage name in New York City.
| Contact: | John Van Orden, CFO |
| (973) 467-2200 | |
| VillageInvestorRelations@wakefern.com |
FAQ
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