Kroger declares quarterly dividend

CINCINNATI — Kroger's board of directors on Friday declared a quarterly dividend of 16.5 cents per share to be paid on March 1, to shareholders of record as of the close of business on Feb. 15.

In September, the company's board of directors raised the quarterly dividend by approximately 10%, to 16.5 cents per share. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. 

The company continues to expect an increasing dividend over time.