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SPRINGFIELD, NJ—Robert Sumas, a director and member of the 10% owner group at Village Super Market Inc. (NASDAQ:VLGEA), has recently sold shares of the company’s Class A Common Stock, according to a filing with the Securities and Exchange Commission. The company, which currently trades at a P/E ratio of 8.9x and maintains a "GREAT" financial health score according to InvestingPro, has demonstrated strong market performance with a ~34% return over the past year.
On April 8 and April 9, Sumas executed sales of 943 and 857 shares, respectively. The transactions were carried out at a weighted average price of $36.212 and $36.623 per share, within a range of $36.049 to $37.249 per share. The total value of these sales amounted to $65,533. The stock, which has maintained dividend payments for 23 consecutive years with a current yield of 2.8%, appears fairly valued based on InvestingPro’s Fair Value analysis.
Following these transactions, Sumas retains direct ownership of 93,131 shares. Additionally, 504 shares are held indirectly by the Robert Sumas Family LLC, managed by Robert Sumas and Nicholas Sumas. The company has demonstrated solid fundamentals with a revenue of $2.3 billion in the last twelve months and maintains a healthy current ratio of 1.13.
In other recent news, Village Super Market 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. 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. This announcement reflects Village Super Market’s ongoing commitment to providing value to its shareholders. Dividends are a method for companies to distribute a portion of their earnings back to shareholders, often seen as an indicator of financial health. The company operates 34 supermarkets under the ShopRite and Fairway brands and three Gourmet Garage specialty markets. Village Super Market has not disclosed additional details regarding its financial performance or future business strategies in relation to the dividend announcement. This information is based on a press release from Village Super Market, Inc.
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