SpartanNash Company (the “Company”) (Nasdaq: SPTN) today announced that
its Board of Directors has declared a quarterly cash dividend of $0.135
per common share. The dividend will be paid on December 30, 2015 to
shareholders of record as of December 7, 2015. As of November 18, 2015,
there were 37,596,354 common shares outstanding.
About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the largest grocery
distributor serving U.S. military commissaries and exchanges in the
world, in terms of revenue. The Company's core businesses include
distributing grocery products to military commissaries and exchanges and
independent and corporate-owned retail stores located in 46 states and
the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt.
SpartanNash currently operates 164 supermarkets, primarily under the
banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh
Markets, and SunMart.
Forward-Looking Statements
This press release contains “forward-looking” statements within the
meaning of Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934. Although SpartanNash expects to
continue to pay a quarterly cash dividend, adoption of a dividend policy
does not commit the Board of Directors to declare future dividends. Each
future dividend will be considered and declared by the Board of
Directors at its discretion. The ability of the Board of Directors to
continue to declare dividends will depend on a number of factors,
including SpartanNash’s future financial condition and profitability and
compliance with the terms of its credit facilities.
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