Village Super Market, Inc. Announces Quarterly Dividend of $0.25 (VLGEA)
Village Super Market, Inc. (NASDAQ:VLGEA) announced a quarterly dividend on Friday, September 15th, Zacks reports. Stockholders of record on Thursday, October 5th will be given a dividend of 0.25 per share on Thursday, October 26th. This represents a $1.00 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, October 4th.
Shares of Village Super Market (NASDAQ:VLGEA) opened at 24.70 on Friday. Village Super Market has a 1-year low of $22.43 and a 1-year high of $36.42. The stock has a 50 day moving average of $23.72 and a 200 day moving average of $25.26. The firm has a market cap of $356.10 million, a PE ratio of 14.34 and a beta of 0.32.
Separately, BidaskClub raised shares of Village Super Market from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd.
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In related news, VP John Sumas sold 5,000 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $24.32, for a total value of $121,600.00. Following the completion of the sale, the vice president now owns 123,205 shares of the company’s stock, valued at $2,996,345.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 40.12% of the company’s stock.
A hedge fund recently raised its stake in Village Super Market stock. The Manufacturers Life Insurance Company raised its holdings in Village Super Market, Inc. (NASDAQ:VLGEA) by 23.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,332 shares of the company’s stock after acquiring an additional 1,398 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Village Super Market worth $191,000 as of its most recent filing with the Securities and Exchange Commission. 42.85% of the stock is currently owned by hedge funds and other institutional investors.
About Village Super Market
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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