Safeway Pledges ‘Innovations,’ Bigger Dividend

PLEASANTON, Calif. — Safeway here told shareholders at its annual meeting Wednesday that it plans "many significant innovations” this year, though it did not elaborate.

PLEASANTON, Calif. — Safeway here told shareholders at its annual meeting Wednesday that it plans "many significant innovations” this year, though it did not elaborate.

It also said it would use some of its $1 billion in free cash flow to boost the dividend it pays to 12 cents a share per quarter, or 48 cents annually — a 20% increase, or a total of $184 million.