March 13, 2014
/PRNewswire/ -- The Kroger Co.'s (NYSE: KR) Board of Directors today approved a
share repurchase program, replacing the existing authorization that has approximately
Also today, Kroger's Board of Directors declared a quarterly dividend of
per share, to be paid on
June 1, 2014
, to shareholders of record as of the close of business on
Over the last four quarters, Kroger has used its strong free cash flow to return more than
to shareholders through share buybacks and dividends.
, Kroger has returned approximately
to shareholders through share repurchases.
Kroger, one of the world's largest retailers, employs more than 375,000 associates who serve customers in 2,640 supermarkets and multi-department stores in 34 states and the
District of Columbia
under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less,
, Jay C, King Soopers, QFC, Ralphs and Smith's. The company also operates 786 convenience stores, 320 fine jewelry stores, 1,240 supermarket fuel centers and 38 food processing plants in the U.S. Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and grassroots organizations. Kroger contributes food and funds equal to 200 million meals a year through more than 80 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the
Billion Dollar Roundtable
and the U.S. Hispanic Chamber's
Million Dollar Club
SOURCE The Kroger Co.