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

RELATED NEWS

Safeway Boosts Quarterly Dividend 14%

Safeway Annual Meeting Of Shareholders At 4:30 PM ET

Safeway Names Robert Edwards CEO, Succeeding Steven Burd

Safeway CEO Steven Burd To Retire, Robert Edwards To Succeed - Quick Facts

Trade SWY now with

3/19/2012 9:08 AM ET

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.

Click here to receive FREE breaking news email alerts for Safeway Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 165 Articles

Editors Pick

Fed Concerns Contribute To Lackluster Session On Wall Street - U.S. Commentary

There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses.

Stocks Come Under Pressure Amid Worries About The Fed - U.S. Commentary

Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session.

U.S. Durable Goods Orders Rise 3.3% In April, More Than Expected

After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.