logo
Share SHARE
FONT-SIZE Plus   Neg

Safeway Raises Stock Buyback Authorization By $1.0 Bln; Declares Dividend

Safeway Inc. (SWY) said its Board of Directors met on 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 22, 2012.

Safeway's Board 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After a long gap of fifty years, the first direct commercial flight from U.S. will land in Cuba on Wednesday. JetBlue Flight 387 will be creating a new history by reconnecting direct travel link between the two countries. U.S. Transportation Secretary Anthony Foxx and JetBlue Chief Robin Hayes are there among the first set of travelers to Cuba. Google reportedly plans to expand a car-pooling program to commuters in San Francisco, edging closer to a potential clash with ride-hailing service Uber Technologies Inc. Google, a unit of Alphabet Inc., commenced a pilot car-pooling program around its California headquarters in May this year. Tim Hortons, the Canadian fast-food restaurant chain known for its coffee and doughnuts, has announced plans to launch in Great Britain as part of its efforts to expand internationally. Restaurant Brands International Inc., the parent company of Tim Hortons, said Tuesday that it has established a master franchise joint venture with an investor in Great Britain.
comments powered by Disqus
Follow RTT