Spartan Stores Inc. (SPTN) Announces Quarterly Dividend of $0.12
Spartan Stores (NASDAQ:SPTN) declared a quarterly dividend on Thursday, August 21st, Analyst Ratings Net reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.12 per share on Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%.
Spartan Stores (NASDAQ:SPTN) traded up 0.56% during mid-day trading on Thursday, hitting $21.52. The stock had a trading volume of 82,817 shares. Spartan Stores has a 52 week low of $19.44 and a 52 week high of $25.74. The stock has a 50-day moving average of $21.44 and a 200-day moving average of $22.0. The company has a market cap of $811.8 million and a price-to-earnings ratio of 49.31.
Spartan Stores (NASDAQ:SPTN) last announced its earnings results on Wednesday, August 13th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. Analysts expect that Spartan Stores will post $1.74 EPS for the current fiscal year.
Spartan Stores, Inc is a regional grocery distributor and grocery retailer, operating principally in Michigan and Indiana.
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