For administrative convenience, the rights will automatically attach to the shares of common stock, trade together with those shares and will be represented by certificates representing the common stock. Get the latest Safeway Inc Dividend & Yield information from GuruFocus.com. Stockholders are urged to read the proxy statement and other relevant materials when they become available because they will contain important information about Safeway, Albertsons and the proposed transaction. Ticker Company Name Ex-Div Date Pay Date Dividend Payout Stock Price Dividend Yield SWY Safeway 16-Sep 9-Oct 0.23 34.58 2.66%. Round five: Flexibility (free cash flow payout ratio) A company that pays out too much of its free cash flow in dividends could be at risk of a cutback, particularly if business weakens. In connection with the Merger, Safeway intends to file with the Securities and Exchange Commission (the "SEC") and furnish to its stockholders a proxy statement and other relevant documents. Blackhawk's Class A common stock presently trades on the Nasdaq Global Select Market under the symbol "HAWK." All rights reserved. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The cash dividend is payable on May 10, 2022 to stockholders of record as of the close of business on April 26, 2022. The New York Stock Exchange is expected to authorize a when-issued market for Safeway common stock on or about two business days prior to the Record Date. At that time, the dividend was 5 cents per quarter, but due to regular increases, it has surged over 300% in about 8 years to 17.5 cents per share. View which stocks are hot on social media with MarketBeat's trending stocks report. In-depth profiles and analysis for 20,000 public companies. Stock dividends are a percentage increase in the number of shares owned. Get detailed information about the dividend date and dividend announcements for Safeway. Dividend History for Safeway, Inc. (SWY) Ticker | Expand Research on SWY. Bonus round: Opportunities and threats Safeway may have come from behind to win the best-of-five on the basis of its history, but investors should never base their decisions on past performance alone. Which Dollar Store, If Any, is Worth Your Investment Dollars? Let's take a closer look at the dividend and the gift card business at Safeway: Safeway already offers a solid dividend yield of nearly 3%, but that is only part of the story as dividend growth potential is another positive factor. Dividend Stocks, Feel-Good Income: 25 This page (NYSE:SWY) was last updated on 2/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Safeway raised about $230 million in the IPO and it will continue to be the majority owner of Blackhawk. From the Record Date and up to and including the Distribution Date, it is expected that there will be two markets in Safeway common stock, a "regular way" market and a "when-issued" market. Shares of Safeway common stock that trade in the regular way market will carry an entitlement to the special stock dividend of shares of Blackhawk Class B common stock. You can find more information about Safeway's executive officers and directors in its Annual Report on Form 10-K for the fiscal year ended December 28, 2013 and in its definitive proxy statement filed with the SEC on Schedule 14A on April 1, 2013. Dividend Stocks Crossing Above Their 200 DMA, 10 Headquartered in Pleasanton, Calif., the company operates more than 1,400 stores that are mainly situated in the western, midwestern, and mid-Atlantic regions of the U.S. Safeway also owns a 49% stake in Casa Ley, which currently operates more than 190 food and variety stores in Mexico. For additional information please refer to Safeway's most recent Form 10-K, 10-Q and 8-K reports filed with the SEC. Instead, Safeway stockholders will receive cash in lieu of any fraction of a share of Blackhawk stock that they otherwise would have received. The Company operates 1,412 stores in the United States and 223 stores in western Canada and had annual sales of $44.2 billion in 2012. What other stocks do shareholders of Safeway own? Fiscal 2021 Outlook The Company is . Safeway (SWY) announced that its board declared a special stock dividend to its stockholders of all of the 37.84M shares of Class B common stock of Blackhawk Network Holdings (HAWK) owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72% of the total number of shares of Blackhawk common stock of all classes outstanding. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. At a price of $20.60 as . As previously announced, Safeway and Albertsons have announced an agreement under which AB Acquisition LLC will acquire Safeway (the "Merger"). Solution: $2,000,000 $500,000 = $1500,000 (Tot. The Board of Directors believes that the rights plan will help promote the fair and equal treatment of all stockholders of the Company and ensure that the Board remains in the best position to discharge its fiduciary duties to the Company and its stockholders. That means the value of the stake Safeway owns could become increasingly valuable and also be a catalyst for the stock to rise. The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a . Safeway Inc. (NYSE: SWY) presently has a stellar rank, in the [.] Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. It has lost almost 14% in 2021. However, this company has been successfully facing these challenges for a number of years, and the multiple positive factors such as the increased focus on organics, the rising dividend and the Blackhawk stake, could act as upside catalysts for the shares. Heres why its an unusual request - CNBC, Gabby Giffords Wont Back Down Review: A New Mission - The New York Times, In Gabby Giffords documentary, singing is a way to speak - Los Angeles Times, 5918 STONERIDGE MALL RD, PLEASANTON, CA 94588, United States. The first distribution of $0.17 per CVR occurred in May 2017. 326 E 8th St #105, Sioux Falls, SD 57103 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, How Rivian Crushed All Electric Vehicle Stocks Today, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, expanding its geographical presence in Australian markets, open a total of 30 new domestic and international locations, membership renewal rates at more than 90%, expanding through the apartments-over-stores format, increasing the number of bulk products available at competitive prices, expand its healthy food store concept to 1,200 locations, Copyright, Trademark and Patent Information. The firm's asset portfolio is comprised of residential mortgage pass-through securities, collateralized . Stock market today: Dow climbs to end January in green; Fed decision eyed . This company offers gift cards which are sold at Safeway as well as many other grocery stores, drug stores and other retailers. Crossing Above Their 200 Day Moving Average, 10 Stocks That's right -- they think these 10 stocks are even better buys. Copy and paste multiple symbols separated by spaces. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The companies in this portfolio combine to yield more than the broader market while providing safer, faster-growing dividend income. Albertsons said in a statement its "comprehensive capital allocation strategy leverages the Company's strong and consistent levels of free cash flow to drive profitable growth, maintain a strong balance sheet and create value for shareholders, including through the payment of dividends.". If the Company is acquired in a merger or other business combination transaction that has not been approved by the Board of Directors after the rights become exercisable, each right will entitle its holder to purchase, at the right's then-current exercise price, a number of shares of the acquiring company's common stock having a market value at that time of twice the right's exercise price. Fool contributor Alex Planes has no position in any stocks mentioned. Rich Duprey for Safeway stockholders are urged to contact their tax advisors regarding this transaction and the related tax consequences, including potential withholding tax consequences. Based on aggregate information from My MarketBeat watchlists, some companies that other Safeway investors own include General Electric (GE), Alphabet (GOOG), McDonald's (MCD), Oracle (ORCL), Abbott Laboratories (ABT), Bank of America (BAC), BlackBerry (BB), Cisco Systems (CSCO), EMC (EMC) and Home Depot (HD). Additional Information About the Acquisition and Where to Find it. Blackhawk's Class B common stock has 10 votes per share, and Blackhawk's Class A common stock has one vote per share. Monthly Dividend Stock #4: AGNC Investment Corporation (AGNC) 5-year expected annual returns: 13.8%; American Capital Agency Corp was founded in 2008, and is a mortgage real estate investment trust that invests primarily in agency mortgage-backed securities (or MBS) on a leveraged basis.. Is Stellantis Stock a Value Investors Dream? Kroger goes for 10 times earnings and almost eight times its free cash flow, while Walmart trades at 23 times earnings and free cash flow. This press release contains certain forward-looking statements. Jack in the Box Pops On Tasty Results, Robust Outlook, Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? At a price of $24.93 as of . The U.S. federal income tax consequences of the special stock dividend will be described in greater detail in the information statement to be sent to stockholders on or about April 8, 2014. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 2023, Nasdaq, Inc. All Rights Reserved. Blackhawks product offerings include gift cards, prepaid telecom products and prepaid financial services products, including general purpose reloadable cards and Blackhawks reload network. Premium Paid to Safeway Shareholders Estimated total value of $40 per share for the combined transactions Significant premium over SWY's closing share prices: _ +17% over $34.10 on February 18, 2014, the day prior to announcement of sale discussions _ +56% over $25.62 six months ago, on September 6, 2013 Costco has been aggressively expanding into international markets, especially Asian countries, which offer a massive untapped base of potential new members. Grocery store profit margins are notoriously slim, so choosing a winning stock in this space is not exactly easy. No fractional shares of Blackhawk stock will be distributed. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Expand Research on SWY in lieu of any fraction of a share of stock. Amp ; Yield information from GuruFocus.com coverage universe of thousands of dividend stocks, according to a even buys. 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