SPRINGFIELD, N.J. - Village Super Market, Inc. (NSD-VLGEA), which operates a chain of 34 supermarkets, has announced the declaration of quarterly cash dividends for its shareholders. The company will pay dividends of $0.25 per Class A common share and $0.1625 per Class B common share.
The dividends are set to be distributed on April 25, 2024, to shareholders who are on record as of the close of business on April 4, 2024. Village Super Market's brands include ShopRite and Fairway, with locations across New Jersey, Maryland, New York, and eastern Pennsylvania, as well as three Gourmet Garage specialty markets in New York City.
This decision by the Board of Directors continues the company's practice of providing returns to its investors. The announcement is consistent with Village Super Market's history of dividend payments, reflecting the company's financial performance and commitment to shareholder value.
Shareholders looking forward to the dividend payout should ensure they own shares before the record date to be eligible for the upcoming distribution. The company's financial performance and strategic initiatives typically influence dividend declarations, although Village Super Market did not elaborate on the specifics behind this quarter's dividend amount.
The information for this news article is based on a press release statement from Village Super Market, Inc.
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