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

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) announced a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Shareholders of record on Thursday, July 3rd will be given a dividend of 0.25 per share on Thursday, July 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, July 3rd.

Village Super Market Trading Up 2.4%

Shares of VLGEA stock traded up $0.90 during trading hours on Monday, reaching $39.14. The company had a trading volume of 36,118 shares, compared to its average volume of 32,823. Village Super Market has a 1-year low of $24.57 and a 1-year high of $40.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 0.78. The firm has a market cap of $577.71 million, a price-to-earnings ratio of 10.33 and a beta of 0.50. The company has a 50 day moving average of $36.76 and a 200 day moving average of $34.53.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.78 earnings per share for the quarter. Village Super Market had a return on equity of 12.55% and a net margin of 2.45%. The firm had revenue of $563.67 million for the quarter.

Insiders Place Their Bets

In related news, Director Kevin Begley sold 3,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $35.19, for a total value of $105,570.00. Following the completion of the transaction, the director now directly owns 43,961 shares in the company, valued at approximately $1,546,987.59. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Robert Sumas sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $35.81, for a total transaction of $53,715.00. Following the completion of the transaction, the insider now owns 87,931 shares of the company's stock, valued at $3,148,809.11. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,843 shares of company stock worth $320,011. Company insiders own 56.78% of the company's stock.

Institutional Trading of Village Super Market

A hedge fund recently raised its stake in Village Super Market stock. Empowered Funds LLC increased its stake in shares of Village Super Market, Inc. (NASDAQ:VLGEA - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,122 shares of the company's stock after acquiring an additional 4,459 shares during the period. Empowered Funds LLC owned about 0.43% of Village Super Market worth $2,437,000 as of its most recent filing with the SEC. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.

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