logo
  Join        Login             Stock Quote

/ CORRECTION - Safeway Inc. Board of Directors Declares Quarterly Dividend and Increases Stock Repurchase Authorization by $1.0 Billion

Monday, March 19, 2012 5:25 PM


http://media.marketwire.com/attachments/201102/33469_SWY_R_HRZ_CLR.JPGhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=864168&ProfileId=051205&sourceType=1

PLEASANTON, CA -- (Marketwire) -- 03/19/12 -- In the news release, "Safeway Inc. Board of Directors Declares Quarterly Dividend and Increases Stock Repurchase Authorization by $1.0 Billion," issued earlier today by Safeway Inc. (NYSE: SWY), we are advised by the company that the record date for the upcoming cash dividend should be March 29, 2012 instead of March 22, 2012 as originally issued. Complete corrected text follows.

Safeway Inc. Board of Directors Declares Quarterly Dividend and Increases Stock Repurchase Authorization by $1.0 Billion

PLEASANTON, CA -- March 19, 2012 -- Safeway Inc. (NYSE: SWY) announced that its Board of Directors met on Friday, March 16, 2012 and declared a regular quarterly cash dividend of $0.145 per share. The cash dividend will be payable on April 12, 2012 to stockholders of record at the close of business on March 29, 2012.

Safeway's Board of Directors also increased the authorized level of the company's stock repurchase program by $1.0 billion. Through February 22, 2012, Safeway had approximately $0.4 billion remaining under its stock repurchase program.

Safeway's stock repurchase authorization does not have an expiration date, and the timing and volume of future repurchases will depend on factors such as the company's day-to-day business needs as well as its stock price and economic and market conditions. Stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 plan. The stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.

Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,678 stores in the United States and western Canada and had annual sales of $43.6 billion in 2011.

Safeway Inc.
Christiane Pelz
925-467-3832

(Source: Market Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.