ANNUAL MEETING

PLEASANTON, Calif. -- Safeway here expressed confidence in its future earnings power last week by declaring a quarterly dividend -- the company's first dividend since it went public in 1990.The initial dividend will pay 5 cents a share on July 17 to shareholders of record on June 16.Analysts contacted by SN were divided in their reactions to the dividend, with several pointing to the small amount

PLEASANTON, Calif. -- Safeway here expressed confidence in its future earnings power last week by declaring a quarterly dividend -- the company's first dividend since it went public in 1990.

The initial dividend will pay 5 cents a share on July 17 to shareholders of record on June 16.

Analysts contacted by SN were divided in their reactions to the dividend, with several pointing to the small amount of the payout and the potential negative impact on the company's ability to c

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