Kroger (KR) Boosts Quarterly Dividend to $0.35, Marks 19th Year of Increases

The Kroger Co. (NYSE:KR) is one of the best alternative meat stocks to invest in according to analysts. On June 26, the company declared a dividend of 35 cents per share, up from 32 cents per share in the previous payment. This translates to an annual dividend increase from $1.28 to $1.40 per share. All shareholders of record as of August 15, 2025, will receive the payment on September 1, 2025.

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This payment marks Kroger’s 19th consecutive year of dividend increases since the dividend was reinstated in 2006. Over this period, the quarterly dividend has grown at a 13% compounded annual growth rate.

Kroger’s Chairman and CEO, Ron Sargent, stated: “This dividend increase reflects the Board of Directors’ confidence in the consistency of our operating performance, strength of our free cash flow generation, and our commitment to deliver long-term shareholder value.”

The company expects adjusted free cash flow of $2.8 billion to $3 billion for fiscal 2025. This strong cash flow generation was highlighted as a key factor enabling the increase. Additionally, the company stated that its capital allocation strategy focuses on utilizing free cash flow to drive long-term, sustainable earnings growth, maintain an investment-grade debt rating, and return capital to shareholders through dividends and share repurchases.

The Kroger Co. (NYSE:KR) is one of the largest supermarket operators in the US, serving over 11 million customers daily through 2,700+ stores and a robust private-label portfolio. Simple Truth, Kroger’s flagship natural and organic brand, launched its Plant-Based collection in 2019, featuring items such as vegan burger patties, grinds, deli slices, cookie dough, sauces, dips, and sour cream. In January 2020, the company introduced Simple Truth Emerge, a line of fresh, plant-based meats—burger patties and grinds—positioned in the meat case, delivering approximately 20 g of pea protein per serving.

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Disclosure: None. This article is originally published at Insider Monkey.