Dividends News: Spartan Stores Declares 5 Cent Payout
May 14, 2010 (FinancialWire) — Spartan Stores, Inc., (NASDAQ: SPTN) said that its board of directors has declared a quarterly cash dividend of $0.05 per common share.
The dividend is payable on June 15, 2010 to shareholders of record as of the close of business on June 1, 2010.
As of May 1, 2010, there were around 22,425,252 Spartan common shares outstanding.
Michigan-based Spartan Stores is a grocery distributor with warehouse facilities in Grand Rapids and Plymouth, Michigan. The company distributes more than 40,000 private-label and national brand products to around 375 independent grocery stores in Michigan, Indiana and Ohio.
Spartan Stores also owns and operates 96 retail supermarkets in Michigan, including Family Fare Supermarkets, Glen’s Markets, D&W Fresh Markets, Felpausch Food Centers and VG’s Food and Pharmacy.
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