SUPERVALU INC. (NYSE:SVU) today announced that its Board of Directors declared a regular quarterly dividend of $0.0875 per share. The dividend is payable on June 15, 2012 to stockholders of record as of the close of business on June 1, 2012. As of April 27, 2012, there were approximately 214 million shares outstanding.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest
companies in the U.S. grocery channel with annual sales of approximately
$35 billion. SUPERVALU serves customers across the United States through
a network of approximately 4,300 stores composed of 1,102 traditional
retail stores, including 797 in-store pharmacies; 1,332 hard-discount
stores, of which 935 are operated by licensee owners; and 1,900
independent stores serviced primarily by the company's traditional food
distribution business. SUPERVALU has approximately 130,000 employees.
For more information about SUPERVALU visit www.supervalu.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
Except for the historical and factual information contained herein, the matters set forth in this news release, particularly those pertaining to SUPERVALU's expectations, guidance, or future operating results, and other statements identified by words such as "estimates," "expects," "projects," "plans," and similar expressions are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including competition, ability to execute initiatives, substantial indebtedness, impact of economic conditions, labor relations issues, escalating costs of providing employee benefits, regulatory matters, food and drug safety issues, self-insurance, legal and administrative proceedings, information technology, severe weather, natural disasters and adverse climate changes, the continuing review of goodwill and other intangible assets, accounting matters and other risk factors relating to our business or industry as detailed from time to time in SUPERVALU's reports filed with the SEC.You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release.Unless legally required, SUPERVALU undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
SUPERVALU INC.
Investors and Financial Media:
Kenneth
Levy, 952-828-4540
kenneth.b.levy@supervalu.com
or
Steve
Bloomquist, 952-828-4144
steve.j.bloomquist@supervalu.com
