SpartanNash (SPTN) To Go Ex-Dividend on March 21st

SpartanNash (NASDAQ:SPTN) declared a quarterly dividend on Tuesday, March 11th, RTT News reports. Investors of record on Friday, March 21st will be given a dividend of 0.22 per share on Wednesday, April 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Friday, March 21st. This is a 1.1% increase from SpartanNash’s previous quarterly dividend of $0.22.

SpartanNash has raised its dividend payment by an average of 2.8% annually over the last three years and has increased its dividend every year for the last 15 years. SpartanNash has a payout ratio of 48.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SpartanNash to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 48.9%.

SpartanNash Trading Up 0.7 %

NASDAQ:SPTN opened at $20.37 on Wednesday. The company has a market cap of $687.79 million, a PE ratio of -2,037.00 and a beta of 0.34. The business’s 50 day moving average is $19.12 and its two-hundred day moving average is $19.88. The company has a quick ratio of 0.78, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. During the same period in the prior year, the firm earned $0.35 EPS. On average, analysts predict that SpartanNash will post 1.79 EPS for the current year.

Analyst Ratings Changes

SPTN has been the topic of several research reports. StockNews.com upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research note on Tuesday. Northcoast Research lowered shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 19th.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.