Jun
26
Kroger Announces New $1 Billion Stock Repurchase Program
Posted by Administrator under Kroger
The Kroger Co. (NYSE: KR - News) expanded its stock repurchase program from $500 million to $1 billion.
Kroger is one of the nation’s largest retail grocery chains operating 2,458 supermarkets and multi-department stores in 31 states under two dozen local banners.
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PAYOUT YIELD ANALYSIS
With 707 million shares outstanding, the $1 billion repurchase will yield $1.41 per share if completed in the next 12 months. The annualized dividend of $0.30 combined with the $1.41 from the repurchase program will result in a Total Payout of $1.71 per share over the next 4 quarters. At $28.25 per share, the Total Payout Yield is projected to be 5.0%.
- Payout Yield Staff
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