MINNEAPOLIS, Apr 15, 2010 (BUSINESS WIRE) --SUPERVALU INC. (NYSE:SVU) today announced that its Board of Directors
declared a regular quarterly dividend of $0.0875 per share. The dividend
is payable on June 15, 2010 to stockholders of record as of the close of
business on June 1, 2010. As of April 2, 2010, there were approximately
212.2 million shares outstanding.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery
channel with estimated annual sales of $41 billion. SUPERVALU serves
customers across the United States through a network of approximately
4,290 stores composed of approximately 1,200 traditional and premium
stores, including 850 in-store pharmacies; 1,180 hard discount
Save-A-Lot stores, of which 860 are operated by licensee owners; and
1,910 independent stores serviced primarily by the company's traditional
food distribution business. SUPERVALU has approximately 170,000
employees. For more information about SUPERVALU visit www.supervalu.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE
PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995.
Except for the historical and factual information contained herein,
the matters set forth in this news release, particularly those
pertaining to SUPERVALU's expectations, guidance, or future operating
results, and other statements identified by words such as "estimates,"
"expects," "projects," "plans," and similar expressions are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including the impact
of economic conditions, strategic initiatives, competition, food and
drug safety issues, liquidity, labor relations issues, escalating costs
of providing employee benefits, regulatory matters, self-insurance,
legal and administrative proceedings, information technology, severe
weather, natural disasters and adverse climate changes, the continuing
review of goodwill and other intangible assets, accounting matters and
other risk factors relating to our business or industry as detailed from
time to time in SUPERVALU's reports filed with the SEC.You
should not place undue reliance on these forward-looking statements,
which speak only as of the date of this news release.Unless
legally required, SUPERVALU undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE: SUPERVALU INC.
Kenneth Levy, 952-828-4540
Vice President, Investor Relations
Steve Bloomquist, 952-828-4144
Director, Investor Relations