Safeway Inc’s board of directors have declared a regular quarterly cash dividend and approved a 15% increase from US$0.05 per share to $0.0575 per share on a quarterly basis.

The cash dividend is payable on 7 July 2006 to stockholders of record at the close of business on 16 June 2006.

Safeway Inc operates 1,772 stores in the US and Canada, and posted annual sales of $38.4bn in 2005.