Locator: 45012INFL.
Comments later but I think the "cut and paste" graphics are self-explanatory.
This is so out-of-the ordinary one wonders if there is a typographical error or if I'm misreading something, but the links and screenshots are there. We'll check back in a month or so and see if this is legit.
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Kroger
Updates
June 26, 2023: the original note had to have been in error. See update here. The "correct" story suggests that the dividend hike was in line with past dividend hikes.
Original Post
Annualized dividend:
- historical: 2.28%.
- new: 10.14%. For a grocer (and almost any ticker) beyond the pale, as they say.
Earnings: link here, a huge beat. Especially considering all this whining about inflation affecting retailer's costs.
The company has a quarterly EPS of $1.51 and announces it will pay shareholders $1.16 in dividends out of those earnings?
The math is ludicrous but works out to: 77% of earnings paid out to shareholders.
If this is all accurate:
- something is going on about which I have no clue; and/or
- Kroger is expecting a blockbuster year;
- or there's a typo somewhere.
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read here.
All my posts are done quickly:
there will be content and typographical errors. If anything on any of
my posts is important to you, go to the source. If/when I find
typographical / content errors, I will correct them.
Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.
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