SALISBURY, NC The Board of Directors of Delhaize America, Inc. has declared a quarterly cash dividend of $0.1443 per share on the outstanding Class A common shares and $0.1426 per share on the outstanding Class B common shares of the Corporation. The dividend will be payable on July 31, 2000, to shareholders of record as of July 17, 2000.
With 1999 sales of $10.9 billion, Delhaize America is one of the nation's largest supermarket companies. The Company and its more than 95,000 employees serve more than 10 million customers a week at 1,158 Food Lion, 124 Kash n' Karry and 18 Save 'n Pack supermarkets. Upon completion of its acquisition of Hannaford Bros., Delhaize America will have more than 1,400 stores throughout the eastern United States from Maine to Florida, with total projected annual revenue in excess of $14 billion in the first year of the acquisition and more than 116,000 full-time and part-time employees.
Contact: Tawn Earnest (704) 633-8250, Ext. 2185