Village Super Market, Inc. (NASDAQ:VLGEA) Announces Quarterly Dividend of $0.25

Village Super Market, Inc. (NASDAQ:VLGEAGet Rating) announced a quarterly dividend on Wednesday, June 22nd, Wall Street Journal reports. Investors of record on Thursday, July 7th will be paid a dividend of 0.25 per share on Thursday, July 28th. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, July 6th.

NASDAQ:VLGEA opened at $22.89 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 1.17. The firm has a 50-day moving average of $23.26 and a two-hundred day moving average of $23.28. The stock has a market cap of $332.94 million, a P/E ratio of 14.13 and a beta of 0.20. Village Super Market has a 1-year low of $21.25 and a 1-year high of $25.08.

Separately, StockNews.com cut shares of Village Super Market from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 13th.

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in Village Super Market during the first quarter worth about $40,000. PNC Financial Services Group Inc. raised its stake in Village Super Market by 29.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,100 shares of the company’s stock worth $76,000 after acquiring an additional 700 shares during the period. Mackenzie Financial Corp raised its stake in Village Super Market by 12.6% during the first quarter. Mackenzie Financial Corp now owns 15,157 shares of the company’s stock worth $371,000 after acquiring an additional 1,700 shares during the period. Engineers Gate Manager LP raised its stake in Village Super Market by 42.9% during the first quarter. Engineers Gate Manager LP now owns 21,135 shares of the company’s stock worth $518,000 after acquiring an additional 6,340 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Village Super Market by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 23,040 shares of the company’s stock worth $565,000 after acquiring an additional 967 shares during the period. Institutional investors and hedge funds own 41.24% of the company’s stock.

Village Super Market Company Profile (Get Rating)

Village Super Market, Inc operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen; and various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates a chain of twenty-nine ShopRite supermarkets, five Fairway Markets, and three Gourmet Garage specialty markets located in New Jersey, New York, Pennsylvania, and Maryland.

Further Reading

Dividend History for Village Super Market (NASDAQ:VLGEA)

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