Kroger 2007 Annual Report Download - page 51

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$ millions FY 2005 FY 2006 FY 2007
Stock Option Program $13 $259 $270
Board Repurchase Authorizations $239 $374 $1,151
TOTAL COST $252 $633 $1,421
Fiscal Year # Shares Cost Avg Cost Per Share
2005 15 million $252 million $16
2006 29 million $633 million $22
2007 53 million $1,421 million $27
TOTAL 97 million $2,306 million $24
DIVIDENDS
During fiscal 2006, Kroger’s Board of Directors adopted a dividend policy
and paid three quarterly dividends of $0.065 per share. During fiscal 2007,
the Company paid one and three quarterly dividends of $0.065 and $0.075
per share, respectively. On March 1, 2008, the Company paid its fourth
quarterly dividend of $0.075 per share. On March 13, 2008, Kroger
announced that its Board had increased the quarterly dividend to $0.090
per share, payable on June 1, 2008, to shareholders of record at the close
of business on May 15, 2008. Kroger paid a total of $202 million and $140
million in cash dividends during fiscal 2007 and 2006, respectively.
Kroger’s Board of Directors reviews the dividend annually, with an objective
of increasing the amount of the dividend. Any changes in the dividend
amount are made after consideration of the needs of the business, the
interests of shareholders, cash flow trends, and other factors.
The Kroger Co. Page 51