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4 years ago
Supermarket group Delhaize lowers dividend
March 7, 2013 / 6:16 AM / 4 years ago

Supermarket group Delhaize lowers dividend

BRUSSELS, March 7 (Reuters) - Belgian supermarket group Delhaize said on Thursday it would pay a lower dividend this year than last, after its fourth-quarter operating results were just below market expectations.

Underlying operating profit for the fourth quarter came in at 204 million euros ($265.20 million), just below the 209 million euros expected in a Reuters poll of seven analysts.

Delhaize will pay a gross dividend of 1.40 euros per share, below the 1.76 euros it paid out to its shareholders last year. ($1 = 0.7692 euros) (Reporting by Robert-Jan Bartunek; Editing by Ben Deighton)

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