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SUPERVALU Inc. Message Board

  • mylots@sbcglobal.net mylots Jun 9, 2014 11:04 AM Flag

    SVU DIV NEWS FROM 10K

    In July 2012, the Company announced that it had suspended the payment of the regular quarterly dividend. Pursuant to a binding term sheet with the PBGC entered into in connection with the NAI Banner Sale, the Company has agreed not to pay any dividends to its stockholders at any time for the period beginning on January 9, 2013 and ending on the earliest of (i) March 21, 2018, (ii) the date on which the total of all contributions made to the SUPERVALU Retirement Plan that were made on or after March 21, 2014 is at least $450 and (iii) the date on which SUPERVALU’s unsecured credit rating is BB+ from Standard & Poor’s or Ba1 from Moody’s.

    Sentiment: Strong Buy

 
SVU
9.43-0.06(-0.63%)Dec 19 4:02 PMEST

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