Kroger Planning to Split Stock for First Time in 16 Years
Kroger Approves a 2-for-1 Stock Split
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Kroger Co., the largest U.S. supermarket chain, approved its first stock split in 16 years and a 13.5 percent dividend increase, saying it reflected the board’s confidence in its growth prospects.
In addition to the 2-for-1 split, the supermarket chain will pursue a new $500 million stock buyback program, according to a statement on Thursday. The company has made $11.7 billion in share repurchases since the start of 2000.