Monday, October 26, 2009

Supervalu Cuts Dividend

Catching up after some travel.

Last week Dividend Aristocrat Supervalu (SVU) cut the company's dividend by 50%. SVU becomes the first consumer staples stock to reduce its dividend.
  • The new quarterly dividend is reduced to 8.75% from 17.5%.
  • The company's second quarter earnings came in at 35 cents per share versus 61 cents per share in the same quarter last year.
  • Full year earnings for February 2010 are estimated to come in at $1.94 and February 2011 earnings are projected at $2.01.
(click to enlarge)

Suppervalu dividend analysis table
Supervalu stock chart

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