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    Village Super Market sets quarterly dividends for shareholders By Investing.com



    SPRINGFIELD, N.J. – Village Super Market, Inc. (NSD-VLGEA), the company behind the ShopRite and Fairway supermarket chains, has announced its latest dividend payout. Shareholders can expect to receive quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. The declared dividends are scheduled for distribution on July 25, 2024, to shareholders of record as of July 4, 2024.

    The company operates a total of 34 supermarkets, primarily in the northeastern United States, including New Jersey, Maryland, New York, and eastern Pennsylvania. In addition to its primary ShopRite and Fairway market brands, Village Super Market also runs three specialty markets under the Gourmet Garage brand in New York City.

    This dividend declaration is a routine financial event for Village Super Market, which regularly provides returns to its investors. Dividends are a way for companies to distribute a portion of their earnings back to their shareholders, and the amounts declared can be seen as an indicator of the company’s financial health and its commitment to returning value to its shareholders.

    The announcement is based on a press release statement from Village Super Market, Inc. and does not include any promotional content or subjective commentary. Shareholders and interested parties should note the key dates for record and payment to ensure they meet the eligibility criteria for the upcoming dividend distribution.

    In other recent news, Village Super Market, Inc. has announced the declaration of quarterly cash dividends for its shareholders. The company will distribute dividends of $0.25 per Class A common share and $0.1625 per Class B common share. These dividends are set to be paid out on a date in April 2024 to shareholders who are on record as of early April 2024.

    This decision by the company’s Board of Directors continues its practice of providing returns to its investors and is consistent with Village Super Market’s history of dividend payments, reflecting the company’s financial performance and commitment to shareholder value. Shareholders who wish to receive this dividend should ensure they own shares before the record date.

    The company’s financial performance and strategic initiatives typically influence dividend declarations, however, Village Super Market did not provide specifics behind this quarter’s dividend amount. The information for this news article is based on a press release statement from Village Super Market, Inc.

    InvestingPro Insights

    Village Super Market, Inc. (NSD-VLGEA) has proven its dedication to shareholder returns, not just with the recent dividend announcement, but through a history of consistent payouts. An InvestingPro Tip highlights that the company has maintained dividend payments for an impressive 22 consecutive years. This track record is a testament to Village Super Market’s stable financial position and its commitment to sharing success with its investors.

    From a valuation standpoint, Village Super Market is currently trading at a low earnings multiple with a P/E ratio of 7.84, which is attractive to investors looking for undervalued stocks. Moreover, the company’s cash flows are robust enough to sufficiently cover interest payments, indicating financial resilience and a lower risk profile for dividend continuity.

    Looking at the InvestingPro Data, the company’s market capitalization stands at $392.05 million, and it has a revenue growth of 3.35% over the last twelve months as of Q3 2024. Village Super Market’s dividend yield as of the latest data point is 3.69%, which is competitive and appealing to income-focused investors.

    For those keen to delve deeper into Village Super Market’s financials, InvestingPro offers additional insights and tips. There are currently six more InvestingPro Tips available, which can provide further guidance on investment decisions. To access these tips and a comprehensive analysis, visit https://www.investing.com/pro/VLGEA. Remember, you can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research with valuable, real-time data and expert analysis.

    This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


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