Albertsons sets quarterly dividend at 15 cents a share

BOISE, Idaho - Albertsons Companies, Inc. (NYSE: ACI), a prominent U.S. food and drug retailer with a market capitalization of $12.5 billion, announced that its Board of Directors has approved a cash dividend for the first quarter of fiscal 2025. The dividend is set at $0.15 per share of common stock, to be disbursed to shareholders on record as of April 25, 2025, with the payment date scheduled for May 9, 2025. According to InvestingPro data, the company’s annual dividend yield stands at 2.78%, with impressive dividend growth of 25% over the last twelve months.

The company, which operates a wide array of grocery and pharmacy stores across 34 states and the District of Columbia, is known for its numerous retail banners, including Albertsons, Safeway, and Vons. As of February 22, 2025, Albertsons ran 2,270 retail food and drug stores, which include 1,728 in-store pharmacies and 405 associated fuel centers, among other facilities. The company’s strong market position is reflected in its annual revenue of nearly $80 billion and a healthy gross profit margin of 28.4%. InvestingPro analysis indicates the company maintains good financial health with strong profitability metrics.

Albertsons has been actively involved in community support and philanthropy. In the previous year, the company, together with the Albertsons Companies Foundation, contributed over $435 million in food and financial assistance. This included more than $40 million via their Nourishing Neighbors Program, aimed at combating hunger in the communities they serve.

Investors should note that this press release contains forward-looking statements regarding the company’s expectations and projected financial performance. These statements are subject to risks and uncertainties, and actual results may differ materially. The company advises against placing undue reliance on these forward-looking statements, which are valid only as of their date. For a more detailed understanding of the potential factors that could affect the business and financial outcomes, investors are directed to consult the company’s filings with the U.S. Securities and Exchange Commission.

This announcement is based on a press release statement from Albertsons Companies, Inc. For a comprehensive analysis of Albertsons’ financial health, valuation metrics, and growth prospects, investors can access the detailed Pro Research Report available exclusively on InvestingPro, which covers over 1,400 top US stocks with expert insights and actionable intelligence.

In other recent news, Albertsons Companies, Inc. issued $600 million in 6.250% senior notes due 2033, aiming to refinance its existing debt. The proceeds will be used to redeem $600 million of 7.500% senior notes due 2026, reflecting Albertsons’ strategy to manage long-term debt obligations. Additionally, Albertsons has been included in the S&P MidCap 400, replacing Aspen Technology Inc., which enhances its visibility and may attract more institutional investors. In leadership developments, Susan Morris will assume the role of CEO on May 1, 2025, succeeding Vivek Sankaran, and will join the Board of Directors. Albertsons also reaffirmed its Fiscal 2024 Outlook, maintaining its projections for identical sales growth and other financial metrics. Furthermore, Frank Bruno has been appointed to the Board of Directors following Stephen Feinberg’s resignation, aligning with Cerberus Capital Management’s director designation rights. Albertsons also launched a limited edition lemon-themed product line across its private label brands as part of a spring marketing campaign. These developments highlight Albertsons’ ongoing strategic initiatives in financial management, leadership, and product innovation.

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