GRAND RAPIDS, Mich.--(BUSINESS WIRE)--
SpartanNash Company (the “Company”) (Nasdaq: SPTN) today announced that
its Board of Directors has declared a quarterly cash dividend of $0.12
per common share, to be paid on September 30, 2014 to shareholders of
record as of September 16, 2014. As of August 20, 2014, there were
approximately 37,733,000 common shares outstanding.
SpartanNash (SPTN) is the largest food distributor serving military
commissaries and exchanges in the United States, in terms of revenue.
The Company's core businesses include distributing food to military
commissaries and exchanges and independent and corporate-owned retail
stores located in 44 states and the District of Columbia, Europe, Cuba,
Puerto Rico, the Azores, Bahrain and Egypt. SpartanNash currently
operates 167 supermarkets, primarily under the banners of Family Fare
Supermarkets, D&W Fresh Markets, Family Fresh, No Frills, Bag 'n Save,
Sun Mart and Econofoods.
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.
Vice President & CFO
Director Corporate Affairs
Source: SpartanNash Company