Salisbury, NC The Board of Directors of Delhaize America, Inc. has declared as of September 27, 1999, a quarterly cash dividend of $0.1260 per share on the outstanding Class A common shares and $0.1245 per share on the outstanding Class B common shares of the Corporation. The dividend will be payable on October 26, 1999 to shareholders of record as of October 12, 1999.
The dividend follows the Company’s announcement of third quarter earnings, which increased by 20 percent over the same period last year, on third quarter sales of $2.6 billion. Delhaize America reported same store sales increased 2.5 percent for the quarter.
With 1998 sales of $10.2 billion, Delhaize America is one of the nation’s largest supermarket chains. The Company operates 1,260 stores in 11 states under the names
Food Lion,
Kash n’ Karry and Save ‘n Pack. It employs more than 99,000 employees and serves more than 10 million customers a week.
Contact: Chris Ahearn (704) 633-8250, Ext. 2892