Village Super Market, Inc. (VLGEA) Declares $0.25 Quarterly Dividend
Village Super Market, Inc. (NASDAQ:VLGEA) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Thursday, January 4th will be paid a dividend of 0.25 per share on Thursday, January 25th. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, January 3rd.
Shares of Village Super Market (NASDAQ VLGEA) traded up $0.08 on Monday, reaching $23.35. The company’s stock had a trading volume of 55,184 shares, compared to its average volume of 34,041. Village Super Market has a 12 month low of $22.43 and a 12 month high of $33.47. The stock has a market cap of $334.83, a price-to-earnings ratio of 15.62 and a beta of 0.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.69 and a quick ratio of 1.22.
In related news, EVP John Sumas sold 5,000 shares of Village Super Market stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. Following the completion of the transaction, the executive vice president now directly owns 130,605 shares in the company, valued at approximately $3,069,217.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 40.12% of the company’s stock.
Separately, BidaskClub downgraded shares of Village Super Market from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
About Village Super Market
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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