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

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Safeway Inc. (SWY: Quote) 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.

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by RTT Staff Writer

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