Grocery store retail giant Kroger (KR) is laying off employees during a period when it appears to be divesting some of its business. It was recently announced that the company will lay off nearly 1,000 corporate employees, citing plans to redirect some of its savings.
On the other hand, the company’s dividend remains stable and continues to grow. It is set to pay a quarterly dividend of $0.35 per share on Sept. 1, which is an increase over the previous quarterly rate of $0.32 per share. Its forward annual dividend of $1.40 yields 2.06% on current prices.
