SpartanNash Company (NASDAQ:SPTN) will begin trading ex-dividend on December 9, 2020. The quarterly dividend payment of $ 0.1925 per share is scheduled to be paid on December 31, 2020. The dividend yield based on the latest trading day closing price was 4.12 percent. Shareholders who purchased SPTN shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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SpartanNash Company recently reported third quarter financial results on November 11, 2020, after market close, the Grand Rapids based company unwinded income for the third quarter of $ 0.70 per share, from the revenue of $ 2,061.00 million. The quarterly earnings escalated 133.33 percent while revenues grew 3.05 percent compared with the same quarter last year.
According to street consensus, SPTN was expected to report 3Q20 income of $ 0.62 per share from revenue of $ 2136.76 million. The bottom line results beat street analysts by $ 0.08 or 12.90 percent, at the same time, top line results fell short of analysts by $ 75.76 million or 3.55 percent.
Stock Performance
Shares of SpartanNash Company traded low $ -0.82 or -4.21 percent on Monday, reaching $ 18.68 with volume of 444.10 thousand shares. SpartanNash Company has traded high as $ 19.52 and has cracked $ 18.66 on the downward trend
According to the previous trading day, closing price of $ 18.68, representing a 116.67 % increase from the 52 week low of $ 9.00 and a 18.55 % decrease over the 52 week high of $ 23.94.
The company has a market capital of $ 669.93 million and is part of the Consumer Defensive sector and Food Distribution industry.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
