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SpartanNash Announces Quarterly Cash Dividend

SpartanNash, a well-established player in the food solutions industry, has recently made headlines with its announcement of a quarterly cash dividend. On November 20, 2024, the company's Board of Directors approved a dividend of $0.2175 for each common share, set to be distributed on December 30, 2024, to shareholders who are officially recorded by the close of business on December 9, 2024.

As of November 19, 2024, SpartanNash had 33,754,787 common shares outstanding. This announcement underlines the company's commitment to providing value to its shareholders amid a competitive market.

About SpartanNash

Founded with a vision to better people’s lives through innovative food solutions, SpartanNash operates through a dual business model encompassing both food wholesale and grocery retail. The company is publicly traded on the Nasdaq under the ticker symbol SPTN and boasts a strong workforce of around 17,000 associates. This diverse team enables SpartanNash to leverage insights across various segments, enhancing its operational effectiveness and customer engagement.

SpartanNash is not just limited to grocery distributions; it has a robust global supply chain network that effectively serves a range of clients. These include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries. The company's product offerings cover every aisle of the grocery store, from fresh produce to household items, including its own product lines under the Our Family® brand.

On the retail front, SpartanNash runs 147 physical grocery locations primarily under the banners of Family Fare, Martin's Super Markets, and DW Fresh Market. Additionally, they manage several pharmacies and fuel centers, emphasizing their versatility and commitment to serving various customer needs.

The company takes pride in cultivating a People First culture where employees are valued and recognized for their contributions. This culture is instrumental in their strategy and operations, ensuring that SpartanNash not only meets but exceeds the expectations of their customers and stakeholders alike.

Through this dividend declaration, SpartanNash reinforces its position as a trustworthy and forward-thinking company, dedicated to providing both quality products and returning value to its investors. With the dividend set for December, shareholders can look forward to a pleasant year-end reward, reflecting the stability and growth of the company in a constantly evolving market.

For investors or those interested in learning more, additional information is available on the SpartanNash website.

Conclusion

In a world where financial stability can often be uncertain, the declaration of a cash dividend by SpartanNash serves as a reassurance to investors about the company's strong performance and commitment to shareholder benefits. Engaging deeply with its consumers and shareholders alike, SpartanNash is a company on the rise, continuously working towards improving the food solutions sector.