Nash-Finch Company (Nasdaq: NAFC), a Minneapolis-based food distributor,
announced today that its board of directors has declared a regular
quarterly cash dividend of 18 cents per share of common stock. The
dividend is payable November 15, 2013 to shareholders of record at the
close of business on November 8, 2013. There are 12,336,984 shares of
common stock outstanding.
Due to the pending merger with Spartan Stores, this quarterly cash
dividend is being paid approximately one month earlier than Nash Finch
typically pays its third fiscal quarter dividend. As part of the
Agreement and Plan of Merger between Spartan Stores and Nash-Finch, the
companies agreed to coordinate the declaration, setting of record dates,
and payment dates of dividends for the purpose of reducing the risk that
Nash-Finch stockholders would receive dividends for the same calendar
quarter on shares of Nash-Finch common stock and on shares of Spartan
Stores common stock received as merger consideration, or that Nash-Finch
stockholders would fail to receive a dividend on either shares of
Nash-Finch common stock or shares of Spartan Stores common stock
received as merger consideration for a calendar quarter.
Nash-Finch is a Fortune 500 company and the largest food distributor
serving military commissaries and exchanges in the United States.
Nash-Finch's core businesses include distributing food to military
commissaries and retailers located in 44 states, the District of
Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. The
Company also owns and operates a base of retail stores, primarily
supermarkets under the Family Fresh Market®, Econofoods®, Family Thrift
Center®, No Frills®, Bag 'n Save®, AVANZA®, and Sun Mart® trade names.
Further information is available on the Company's website, www.nashfinch.com.
Copyright Business Wire 2013