Gold prices steady amid Fed rate cut hopes; Trump-Putin talks awaited
SPRINGFIELD, N.J. - Village Super Market, Inc. (NSD-VLGEA), which operates a chain of supermarkets, has announced the declaration of quarterly cash dividends for its shareholders. The dividends are set at $0.25 per Class A common share and $0.1625 per Class B common share. According to InvestingPro data, the company has maintained dividend payments for 23 consecutive years, with a current dividend yield of 3.02%.
Shareholders of record as of the close of business on April 3, 2025, will be eligible for the dividend, which is payable on April 24, 2025. Village Super Market is known for its 34 supermarkets that operate under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, as well as three Gourmet Garage specialty markets in New York City. The company, with a market capitalization of $489 million, generates annual revenue of $2.28 billion.
The company’s decision to issue dividends reflects its ongoing commitment to providing value to its shareholders. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and the announcement of such payments can be an indicator of a company’s financial health and stability.
This financial move comes as Village Super Market continues to serve its communities through its various grocery store brands, offering a range of food products and services. The company has not disclosed any additional details regarding its financial performance or future business strategies in relation to the dividend announcement.
The information for this report is based solely on a press release statement from Village Super Market, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.