SOURCE: Safeway Inc.

Safeway Inc.

May 14, 2013 16:12 ET

Safeway Inc. Board of Directors Approves Increase in Quarterly Dividend

PLEASANTON, CA--(Marketwired - May 14, 2013) - Safeway Inc. (NYSE: SWY) announced that its Board of Directors today approved an increase to its regular quarterly cash dividend from $0.175 per share to $0.20 per share, reflecting a 14% increase. The Board also declared a cash dividend of $0.20 per share payable on July 11, 2013 to stockholders of record at the close of business on June 20, 2013.

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 1,641 stores in the United States and western Canada and had annual sales of $44.2 billion in 2012.