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News Breaks | | | | February 21, 2013 | | 12:42 EDT |  | SWY | Safeway CEO says REIT structure evaluated, doesn't find 'application' currently
In response to an analyst question on its Q4 earnings conference call, Safeway CEO Steve Burd acknowledged the company evaluated the value of doing a REIT, or Real Estate Investment Trust, "years ago" and "looked at it again" more recently. Burd said the company will likely address that at its upcoming investor conference, but added "we don't find general application for that with our current business." In response to a question about speculation regarding plans to divest its Canadian unit, Burd joked there has been speculation about selling an asset of Safeway "every year that I have been CEO." The CEO said the Canadian asset is "a very good business" but added that the company looks "at all kinds of ways to increase shareholder value." | |
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News For SWY From The Last 14 Days Check below for free stories on SWY the last two weeks. |
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| May 15, 2013 | | 06:58 EDT |  | SWY | Safeway re-instated with a Sell at Goldman
 Subscribe for More Information | | | May 14, 2013 | | 16:19 EDT | | SWY | Safeway increases dividend 14% to 20c
Safeway announced that its Board of Directors approved an increase to its regular quarterly cash dividend from 17.5c per share to 20c per share, reflecting a 14% increase. The Board also declared a cash dividend of 20c per share payable on July 11 to stockholders of record at the close of business on June 20. | | | May 8, 2013 | | 07:44 EDT |  | SWY | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | May 6, 2013 | | 05:46 EDT |  | SWY | Executives benefit as companies increase buybacks, WSJ reports
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