Fred's on Thursday announced an increase in the company's quarterly cash dividend by 20% to 6 cents per share, and an increase in the company's stock repurchase program to an additional 3.6 million shares, or 10% of the currently outstanding shares.
Walgreens on Thursday declared a regular quarterly dividend of 22.5 cents per share, a 28.6% increase over the year-ago dividend. The dividend is payable March 12, 2012, to shareholders of record Feb. 17, 2012.
Procter & Gamble chairman, president and CEO Bob McDonald acknowledged during the company's annual meeting on Tuesday that P&G has “work left to do to deliver the growth” shareholders expect but stressed that the company is making solid progress in fiscal year 2011 despite business and economic challenges.
The board of directors of Walgreens on Wednesday increased the quarterly dividend 28.6% — the largest quarterly dividend increase in the company's 110-year history — to 22.5 cents per share from the previous rate of 17.5 cents per share.
Healthcare services company Cardinal Health announced that its board of directors has approved an increase in the company's quarterly dividend to 21.5 cents per share, or 86 cents per share on an annualized basis.
Weis Markets on Thursday announced an increase of its 2011 capital expenditure budget by 7% to $110 million. The current budget includes 14 major remodels, two additions and three new/replacement stores.