Kroger stock to split

Kroger stock to split

Kroger Co. on Thursday said its board of directors approved a 13.5% increase to the company's quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.

"Today's actions reflect our board of directors' confidence in Kroger's long-term performance and ability to deliver growth consistently to our investors," Rodney McMullen, Kroger's chairman and CEO, said in a statement.

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