SpartanNash Co (NASDAQ:SPTN) announced a quarterly dividend on Friday, August 23rd, Zacks reports. Shareholders 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 6.19%. The ex-dividend date is Friday, September 13th.

SpartanNash has increased its dividend by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. SpartanNash has a dividend payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

SPTN traded up $0.63 on Wednesday, reaching $12.28. The stock had a trading volume of 19,485 shares, compared to its average volume of 415,852. SpartanNash has a fifty-two week low of $8.82 and a fifty-two week high of $23.00. The firm has a 50-day moving average of $10.79 and a 200-day moving average of $13.63. The company has a current ratio of 1.76, a quick ratio of 0.75 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $431.24 million, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. SpartanNash’s revenue was up 5.3% compared to the same quarter last year. Sell-side analysts anticipate that SpartanNash will post 1.29 EPS for the current fiscal year.

Several research analysts recently issued reports on SPTN shares. Barclays lowered their target price on SpartanNash from $13.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, August 13th. Pivotal Research raised SpartanNash from a “sell” rating to a “hold” rating and cut their target price for the stock from $10.00 to $9.00 in a report on Thursday, August 15th. ValuEngine lowered SpartanNash from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. BidaskClub cut SpartanNash from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Finally, Loop Capital began coverage on SpartanNash in a research note on Tuesday, June 25th. They issued a “buy” rating and a $15.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. SpartanNash presently has an average rating of “Hold” and a consensus price target of $13.00.

SpartanNash Company Profile

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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