SpartanNash Co (NASDAQ:SPTN) declared a quarterly dividend on Friday, August 23rd, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.19 per share on Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Friday, September 13th.

SpartanNash has raised its dividend by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 8 years. SpartanNash has a payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SpartanNash to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 51.7%.

NASDAQ SPTN traded up $0.66 during mid-day trading on Wednesday, hitting $12.31. The stock had a trading volume of 175,058 shares, compared to its average volume of 415,852. The firm’s 50 day moving average is $10.79 and its 200 day moving average is $13.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.76 and a quick ratio of 0.75. The stock has a market capitalization of $431.24 million, a price-to-earnings ratio of 6.58, a PEG ratio of 1.23 and a beta of 1.39. SpartanNash has a twelve month low of $8.82 and a twelve month high of $23.00.

SpartanNash (NASDAQ:SPTN) last announced its earnings results on Wednesday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. SpartanNash had a net margin of 0.05% and a return on equity of 7.07%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that SpartanNash will post 1.29 earnings per share for the current year.

Several research analysts have recently weighed in on SPTN shares. Zacks Investment Research raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, August 22nd. ValuEngine lowered shares of SpartanNash from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. TheStreet cut shares of SpartanNash from a “c” rating to a “d+” rating in a research note on Wednesday, August 14th. Pivotal Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating and cut their price target for the stock from $10.00 to $9.00 in a report on Thursday, August 15th. Finally, BidaskClub downgraded shares of SpartanNash from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. SpartanNash currently has an average rating of “Hold” and a consensus price target of $13.00.

About SpartanNash

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as 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 pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Dividend History for SpartanNash (NASDAQ:SPTN)

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