SOURCE: Safeway Inc.

Safeway Inc.

March 16, 2011 09:00 ET

Safeway Inc. Board of Directors Declares Quarterly Dividend

PLEASANTON, CA--(Marketwire - March 16, 2011) - Safeway Inc. (NYSE: SWY) announced that its Board of Directors met yesterday and declared a regular quarterly cash dividend of $0.12 per share. The cash dividend will be payable on April 14, 2011 to stockholders of record at the close of business on March 24, 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 1,694 stores in the United States and western Canada and had annual sales of $41.1 billion in 2010.

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