MINNEAPOLIS--(BUSINESS WIRE)--Jan. 9, 2012--
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 March 15, 2012 to stockholders of record as of the close
of business on March 1, 2012. As of January 6, 2012, there were
approximately 212 million shares outstanding.
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery
channel with annual sales of approximately $37 billion. SUPERVALU serves
customers across the United States through a network of approximately
4,300 stores composed of 1,106 traditional retail stores, including 800
in-store pharmacies; 1,294 hard-discount stores, of which 915 are
operated by licensee owners; and 1,900 independent stores serviced
primarily by the company’s traditional food distribution business.
SUPERVALU has approximately 135,000 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.
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