Minneapolis-based retailer Supervalu has declared an increase in its annual dividend from the rate of US$0.56 per share to the new rate of US$0.57 per share.

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The company’s board of directors also approved a regular quarterly dividend at the new rate of US$0.1425 per share, payable on 16 September 2002 to stockholders of record as of the close of business on 1 September 2002.


As of 21 June, there were approximately 134 million shares outstanding in the company, which has consistently paid a dividend for more than 60 years.

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