Arden Group, Inc. Declares Quarterly Dividend

  Arden Group, Inc. Declares Quarterly Dividend  Business Wire  LOS ANGELES -- November 15, 2012  Arden Group, Inc. (Nasdaq:ARDNA) announced that its Board of Directors has declared a regular quarterly dividend of 25 cents per share of Class A Common Stock payable on January 18, 2013 to stockholders of record as of the close of business on December 28, 2012. As of September 28, 2012, there were 3,071,000 Class A shares outstanding.  Arden Group, Inc. is the parent company of Gelson’s Markets which operates 17 full-service supermarkets in Southern California carrying both perishable and grocery products.  Contact:  Arden Group, Inc. Patricia S. Betance Assistant Secretary 310/638-2842