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Kroger offers higher dividend yield than market at 2.3%

The Motley Fool · ·by G4L

KR Kroger Co
$69.49 +1.30%
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  1. 1Kroger recorded a 0.2% increase in second-quarter comparable store sales, excluding volatile gasoline sales.
  2. 2Kroger confirmed a quarterly dividend of $0.39 per share, applying the 11.4% quarterly dividend increase from earlier this year.
  3. 3Kroger is a company with steady demand regardless of economic conditions and is a stock that can withstand market crashes due to its higher dividend yield than the market.

So what's the key point?

Kroger's store sales increased slightly and the quarterly dividend was set at $0.39 per share. Because it pays higher dividends than the market, it is a stock that can hold up well even when the market is volatile.

Source The Motley Fool · View original ↗

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