Kroger declares quarterly dividend
CINCINNATI — Kroger’s board of directors on Friday declared a quarterly dividend of 16.5 cents per share to be paid on March 1, to shareholders of record as of the close of business on Feb. 15.
In September, the company’s board of directors raised the quarterly dividend by approximately 10%, to 16.5 cents per share. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006.
The company continues to expect an increasing dividend over time.
MidWest Gloves & Gear introduces ‘Ninja Turtles’-themed products
ST. LOUIS — MidWest Gloves & Gear — a manufacturer of garden accessories, lawn and garden footwear, boots and rainwear — has introduced a licensed line of "Teenage Mutant Ninja Turtles" garden gloves and accessories. The MidWest Ninja Turtles Garden Gloves and Gear lineup includes Gripping and Jersey Garden Gloves, Bucket Hat, Watering Can, Garden Bucket, Kneeling Pad and Garden Trowel and Cultivator.
"We are very proud to be the exclusive licensee for Nickelodeon Ninja Turtles Garden Gloves and Gear products, and are being applauded by the buyer interest and excitement for these great fun products for kids," Stephen J. Franke, president of MidWest Quality Gloves, said.
The Ninja Turtle-themed products feature the distinctive, recognizable graphics that have inspired fans for generations, the company said, adding that the colorful products are great for boys from ages 4 to 10 years.
TargetExpress format is in the works
NEW YORK — Target Corp. has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported. The new unit, considerably smaller than CityTarget’s 80,000- to 125,000-sq.-ft. footprint, would be the chain’s smallest store to date.
The test store will be located in the base of an apartment building currently under construction near the University of Minnesota campus, the report said. It is scheduled to open in late summer, with grocery items, health and beauty products, a pharmacy and an edited assortment of basic clothing, home decor and electronics.