SpartanNash Declares Quarterly Dividend of $0.22 (NASDAQ:SPTN)

SpartanNash (NASDAQ:SPTN) declared a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Monday, December 9th will be given a dividend of 0.2175 per share on Monday, December 30th. This represents a $0.87 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, December 9th.

SpartanNash has increased its dividend by an average of 3.8% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. SpartanNash has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SpartanNash to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 43.5%.

SpartanNash Stock Up 1.8 %

SPTN traded up $0.33 on Monday, hitting $19.09. 334,684 shares of the company were exchanged, compared to its average volume of 250,030. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The company has a market cap of $644.38 million, a price-to-earnings ratio of 14.08 and a beta of 0.39. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $20.90 and a two-hundred day moving average price of $20.36.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm posted $0.54 EPS. SpartanNash’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts predict that SpartanNash will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.