Village Super Market, Inc. (NASDAQ:VLGEA) Announces Quarterly Dividend of $0.25

Key Points

• $0.25 quarterly dividend declared, with record and ex-dividend dates on April 2 and payment on April 23, implying a yield of 2.3%.
• Last quarter EPS was $1.21 on revenue of $640.96 million; shares recently traded near $42.81 with a market cap of $631.45 million and a P/E of 11.42 (12‑month range $30.08–$43.35).
• Analyst sentiment is positive—Weiss Ratings reaffirmed a "buy" and Wall Street Zen upgraded to "strong-buy," leaving a consensus rating of "Buy."

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) declared a quarterly dividend on Friday, March 13th. Stockholders of record on Thursday, April 2nd will be given a dividend of 0.25 per share on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, April 2nd.

Village Super Market Price Performance

NASDAQ VLGEA opened at $42.81 on Tuesday. Village Super Market has a 12 month low of $30.08 and a 12 month high of $43.35. The firm has a market capitalization of $631.45 million, a PE ratio of 11.42 and a beta of 0.49. The company's 50 day simple moving average is $39.04 and its 200 day simple moving average is $36.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.99.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share for the quarter. Village Super Market had a return on equity of 11.57% and a net margin of 2.37%.The firm had revenue of $640.96 million during the quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VLGEA. Weiss Ratings restated a "buy (b)" rating on shares of Village Super Market in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Village Super Market from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Village Super Market Company Profile

Village Super Market, Inc is a publicly traded supermarket operator headquartered in Springfield, New Jersey. The company operates a network of ShopRite-branded grocery stores under a membership agreement with Wakefern Food Corp., one of the largest retailer-owned cooperatives in the United States. Through its ShopRite banner, Village Super Market serves communities across northern and central New Jersey, offering a full range of grocery products from fresh produce, meat, seafood and bakery items to dairy, deli and health and beauty merchandise.

The company's supermarkets feature an array of in-store services designed to meet diverse customer needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.