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 May 8, 2000 to shareholders of record as of April 24, 2000.
The dividend follows the Company’s announcement of first quarter earnings, which increased by 12 percent over the same period last year, on first quarter sales of $2.5 billion.
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 1,144 Food Lion, 123 Kash n' Karry and 18 Save 'n Pack supermarkets. Upon completion of its acquisition of Hannaford Bros., Delhaize America will have over 1,400 stores throughout the eastern United States from Maine to Florida, with total projected annual revenue of approximately $15 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