Kroger hikes dividend by 11.5% to $0.29 quarterly in 2023

On June 22, 2023, Kroger Co (ticker symbol KR) announced a new quarterly dividend of $0.29 per share, up 11.5% from the previous quarterly dividend. The new annualized dividend rate of $1.16 per share translates into a 2.5% dividend yield at a stock price of $47.00 for Kroger. Kroger has raised its dividend 17 consecutive years if this new 2023 dividend hike is included.

The Kroger Co. operates supermarkets and multi-department stores throughout the United States. Kroger operates supermarkets under a variety of local banner names, including pharmacies, fuel centers and jewelry stores. The company's brands include Baker's, City Market, Dillons, Food 4 Less, Foods Co, Fred Meyer, Fry's, Gerbes, Harris Teeter, King Soopers, Jay C Food Store, Kroger, Owens Market, Pay-Less Super Markets, QFC, Ralphs and Smith's Food and Drug. The Kroger Co. was founded in 1883 and incorporated in 1902.