SuperValu raises annual dividend by 5%

At its annual meeting of shareholders in Norfolk VA, SuperValu Inc’s board of directors approved a 5% increase in the annual dividend to $0.61 per share from 2003’s level of $0.58 per share. The new quarterly dividend of $0.1525 per share will be effective with the September dividend payment.

A previously announced quarterly dividend, payable June 15, will be paid at 2003's quarterly amount of $0.1450 per share. The Minneapolis MN-based grocery distributor and retailer has paid dividends for more than 60 years.