SOURCE: Safeway Inc.

Safeway Inc.

May 19, 2011 16:01 ET

Safeway Inc. Board of Directors Approves 21% Increase in Quarterly Dividend

PLEASANTON, CA--(Marketwire - May 19, 2011) - Safeway Inc. (NYSE: SWY) announced that its Board of Directors met today and declared a regular quarterly cash dividend, reflecting a 21% increase from $0.12 per share to $0.145 per share on a quarterly basis. The cash dividend of $0.145 per share will be payable on July 14, 2011, to stockholders of record at the close of business on June 23, 2011.

Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America based on sales. The company operates 1,692 stores in the United States and western Canada and had annual sales of $41.1 billion in 2010.

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