The Kroger Co. (KR) functions as a retailer in the United States. The company operates combination food and drug stores, which offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce, and multi-department stores providing apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
KR’s Board of Directors recently approved a 24% dividend increase from $0.84 to $1.04 per year. Its dividend payouts have grown at 14.5% and 11.8% CAGRs over the past three and five years, respectively. Its four-year average dividend yield is 1.96%, while its forward annual dividend translates to a 2.16% yield.
