PLEASANTON, CA - April 8, 2014 - Safeway Inc. (NYSE: SWY) today announced the final distribution ratio for the previously announced special stock dividend to its stockholders of all of the shares of Class B common stock of Blackhawk Network Holdings, Inc. (Nasdaq: HAWK) held by Safeway (the "Distribution"). This press release does not constitute a solicitation of any vote or approval in respect of the proposed Merger transaction involving Safeway and Albertsons. Rich Duprey has no position in any of the stocks mentioned. Blackhawk's Class B common stock has 10 votes per share, and Blackhawk's Class A common stock has one vote per share. Home; My Watch. 10. UPDATE 1-American Eagle Outfitters beats revenue estimates on steady demand, Chile's Arauco warns of $50 million hit from wildfires, UPDATE 2-Elon Musk kicks off Investor Day, focusing on path to sustainable energy future, UPDATE 1-U.S. NTSB cites speeding in fatal Tesla 2021 Florida crash. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. Until the rights become exercisable, outstanding stock certificates (or, in the case of shares reflected on the direct registration system, by the notations in the book-entry account system of the transfer agent for the shares) will represent both shares of the Company's common stock and the rights. Proceeds from any future sale of shares could also be used to raise the dividend or pay down debt. Therefore, if you own shares of Safeway common stock and sell those shares in the regular way market prior to or on the Distribution Date, you also will be selling your right to receive the special stock dividend of shares of Blackhawk Class B common stock. Can Buy Cheaper Than Insiders Did, 10 Metals Stocks Start slideshow: Top 25 S.A.F.E. Based on the $0.40 per share in dividends expected and its trailing earnings of $2.50 per share, Albertsons payout ratio is 16%, which offers the potential for increases in the future. Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of Safeway's stockholders in connection with the proposed transaction will be set forth in the proxy statement. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges. Want Monthly Income? Forward-looking statements are based on our current plans and expectations and involve risks and uncertainties which are, in many instances, beyond our control, and which could cause actual results to differ materially from those included in or contemplated or implied by the forward-looking statements. Dividend stocks outperform non-dividend-paying stocks over the long run. 326 E 8th St #105, Sioux Falls, SD 57103 Albertsons Companies is a leading food and drug retailer in the United States. Click to email a link to a friend (Opens in new window) . . FEATURED FUNDS. These 11 stocks will be Dividend Kings in 5 years or less. 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. This information will also be posted under the Investor Relations tab on Safeway's website at www.safeway.com/investor_relations and on Blackhawk's website at www.blackhawknetwork.com. You can't buy Safeway stocks because it's owned by a private equity company, Cerberus Capital Management. Albertsons Companies (ACI) and Kroger (KR) are two top supermarket companies, yet some traders on the east coast might not have stepped foot in the stores of either of these companies.Both companies are growing businesses with happy customers who have proven quite loyal to both chains. Stocks With Insider Buying, Best Dividend Stocks Analysts Like Freshbay Inc. Feb 27, 2023, 09:12 ET. Shares of Blackhawk Class B common stock are not currently traded on any stock exchange but, upon completion of the spin-off, are expected to trade on the Nasdaq Global Select Market under the symbol "HAWKB." In addition, Costco continues to add new products in order to provide customers with a pleasant top-tier shopping experience and should gain millions of new members from its expansion into lucrative overseas markets. With a little searching, I could even find a stock with a good chart AND a big dividend. Nifty 17,465.80-45.45. This page (NYSE:SWY) was last updated on 2/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Get short term trading ideas from the MarketBeat Idea Engine. The companies in this portfolio combine to yield more than the broader market while providing safer, faster-growing dividend income. The official website for the company is www.safeway.com. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include those related to the COVID-19 pandemic, about which there are still many unknowns, including the duration of the pandemic and the extent of its impact. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. Important Notice Regarding Forward-Looking Statements. The Company also cautions that undue reliance should not be placed on any of the forward-looking statements, which speak only as of the date of this release. Headquartered in Seattle, the company now operates more than 640 membership-only warehouse stores, mainly under the Costco Wholesale banner, and serves roughly 71 million members in more than 10 countries, including Australia, Canada, Mexico, Taiwan, and the U.K. Costco has a diversified product portfolio of more than 4,000 discounted offerings, ranging from fresh food and pharmaceuticals to liquors, appliances, and tires. 3 Large Caps With Good Upside AND Big Dividend Yields, Why You Absolutely Must Buy Dividend Stocks This Year. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. The information statement will include details on the distribution, including, among other things, additional information about the ratio used to compute the number of Blackhawk shares distributed for each Safeway share, how fractional shares will be treated, and the spin-off's expected tax consequences for Safeway stockholders. experienced rapid growth. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! What other stocks do shareholders of Safeway own? The company can be reached via phone at +1-925-4673000. Please log in to your account or sign up in order to add this asset to your watchlist. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. CALGARY, AB, Feb. 27, 2023 /CNW/ - Freshbay Inc. announces that it has appointed three new directors with extensive agriculture experience to the board of the . *Average returns of all recommendations since inception. Dividend stocks distribute a portion of the company's earnings to investors on a regular basis. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Blackhawks payment network supports its three primary constituents: consumers who purchase the products and services Blackhawk offers, content providers who offer branded products that are redeemable for goods and services, and distribution partners who sell the products. View Portfolio; Edit Portfolio . At current valuations, the company does not appear to be getting the credit it deserves for having built an extremely successful gift card business, increasing the focus it has put on higher margin organic and other health food products, and being able to grow the dividend at a rapid pace. Albertsons Companies, Inc. Class A Common Stock, Do Not Sell My Personal Information (CA Residents Only). Please. The Company's Board of Directors will be entitled to redeem the rights at $0.01 per right at any time before a person or group has acquired 10% or more (15% or more in the case of a passive institutional investor) of the outstanding common stock. Safeway owns a valuable gift card division called the Blackhawk Network Holdings, Inc. (HAWK) which recently went public. 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. You might disagree, and if so, you're encouraged to share your viewpoint in the comments below. Round four: Strength (recent dividend growth) A stock's yield can stay high without much effort if its share price doesn't budge, so let's take a look at the growth in payouts over the past five years. Safeway Inc. Safeway Historical Price Data (SWY) - Investing.com Stock Screener United States Pre-Market World ADRs Marijuana Stocks Americas Europe Middle East Fed Rate Monitor Tool Safeway Inc (SWY). Invest better with The Motley Fool. Fool contributor Alex Planes has no position in any stocks mentioned. The issuance of the rights will have no dilutive effect and will not impact reported earnings per share for the Company. Safeway Declares Dividend Distribution of Preferred Stock Purchase Rights September 17, 2013, 9:00 AM PLEASANTON, CA-- (Marketwired - Sep 17, 2013) - Safeway Inc. ( NYSE: SWY) today announced. The words expect, believe, estimate, intend, plan and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. 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 page (NYSE:ABS) was last updated on 2/27/2023 by MarketBeat.com Staff. Providing a blend of income and growth, our Top 20 Dividend Stocks portfolio targets a dividend yield between 2.5% and 3.5% and above-average dividend growth. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Is Stellantis Stock a Value Investors Dream? GAIL 103.45 5.4. Touch device users, explore by touch or with swipe gestures. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. Tomorrow might bring a far different business environment, so it's important to also examine each company's potential, whether it happens to be nearly boundless or constrained too tightly for growth. Life Cover+ Multiple Benefits in one plan. Type a symbol or company name. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Company has recently undertaken a number of strategic initiatives including the IPO of Blackhawk Network and the pending sale of its Canadian assets. American Consumer News, LLC dba MarketBeat 2010-2023. The FTSE 100 currently offers an average dividend yield of 3.4%. Established in 1915, Safeway (NYSE: SWY) is one of the largest food and drug retailers in North America. Type a symbol or company name. That transaction is given a unique tax lot ID so you and the IRS can track those shares separately from other Ford stock you might buy later. UPDATE 1-American Eagle Outfitters beats revenue estimates on steady demand, Chile's Arauco warns of $50 million hit from wildfires, UPDATE 2-Elon Musk kicks off Investor Day, focusing on path to sustainable energy future, UPDATE 1-U.S. NTSB cites speeding in fatal Tesla 2021 Florida crash. Round one: Endurance (dividend-paying streak) According to Dividata, Costco began quarterly dividend payouts in 2004, and has been paying ever since. American Consumer News, LLC dba MarketBeat 2010-2023. Dividend Stocks, Feel-Good Income: 25 These statements are indicated by words such as "expects," "will," "plans," "intends," "anticipates," "estimates" and "is." . The final distribution ratio for the stock dividend will be calculated by dividing the number of shares of Blackhawk Class B common stock to be distributed by the number of shares of Safeway common stock outstanding on the Record Date. Shares of Blackhawk Class B common stock are not currently traded on any stock exchange but, upon completion of the spin-off, are expected to trade on the Nasdaq Global Select Market under the symbol "HAWKB." To see all exchange delays and terms of use please see Barchart's disclaimer. Safeway is a food and drug retailer in the U.S., with 1,335 stores at Dec 28 2013. It also sells gift cards online. If you have an ad-blocker enabled you may be blocked from proceeding. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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 Safeway stockholders are urged to contact their tax advisors regarding this transaction and the related tax consequences, including potential withholding tax consequences. 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. Safeway trades on the New York Stock Exchange (NYSE) under the ticker symbol "SWY.". 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. . Dividend Stocks Crossing Above Their 200 DMA, 10 Starting on April 15, 2014 (the business day following the distribution of the Class B shares of Blackhawk) the "regular way" market for Safeway will be trading "ex" or without the entitlement of the Class B shares of Blackhawk. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Socially Responsible Dividend Stocks, 10 Dividend Bargains You Can PLEASANTON, CA--(Marketwired - Mar 24, 2014) - Safeway Inc. (NYSE: SWY) announced today that its Board of Directors declared a special stock dividend to its stockholders of all of the 37,838,709 shares of Class B common stock of Blackhawk Network Holdings, Inc. owned by Safeway, representing approximately 94.2% of the total outstanding shares of Blackhawk's Class B common stock and approximately 72.0% of the total number of shares of Blackhawk common stock of all classes outstanding. DISCLOSURE NOTICE: The information contained in this release is as of September 17, 2013. The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a . . Get the latest Safeway Inc Dividend & Yield information from GuruFocus.com. Shares trade at five times trailing earnings and four times the free cash flow it produces. The distribution will take place in the form of a pro rata dividend of Blackhawk Class B common stock to each Safeway stockholder of record on the Record Date. The cash component of the $34.10 per share consideration will be reduced by the per share amount of the special cash dividend, which is expected to be approximately $6.85 per share. Neither Safeway nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. 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. The stock now trades for just about 10 times earnings, while the average stock in the S&P 500 Index (SPY) trades for nearly 16 times earnings. Pro Investing by Aditya Birla Sun Life Mutual Fund. Volume Open Day's Low Day's High 52 Wk Low 52 Wk High Bid Ask EPS PE Ratio Shares Market Cap Dividend Ex-Div Date Yield. S.A.F.E. The forward-looking statements are based on the Companys current expectations and involve risks and uncertainties. All rights reserved. Symbol Lookup. 326 E 8th St #105, Sioux Falls, SD 57103 and had paid a dividend through the Great Depression, World War II, and ten years of material shortages and price controls. High-Yield Canadian Energy Stocks, 10 Canadian Stocks Crossing This press release contains certain forward-looking statements about the proposed spin-off of Blackhawk by Safeway, including about the effect thereof on the respective businesses and operations of the companies. SWY Dividend Yield 2023, Date & History (Safeway) NYSE:SWY Safeway - SWY Dividend Yield, Date & History Notice: This company has been marked as potentially delisted and may not be actively trading. Such statements relate to, among other things, our strategic plans or any statements that relate to the intent, belief, plans or expectations of the Company and its management. The Motley Fool has a disclosure policy. At a price of $20.67 as of . Round four: Strength (recent dividend growth) A stock's yield can stay high without much effort if its share price doesn't budge, so let's take a look at the growth in. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. All rights reserved. Few people realize this Most American dividend stocks pay investors a set amount each. 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.