MINNEAPOLIS--(EON: Enhanced Online News)--Nash-Finch Company (Nasdaq: NAFC), a Minneapolis-based food distributor, announced today that its board of directors has declared a regular quarterly cash dividend of 18 cents per share of common stock. The dividend is payable November 15, 2013 to shareholders of record at the close of business on November 8, 2013. There are 12,336,984 shares of common stock outstanding.
Due to the pending merger with Spartan Stores, this quarterly cash dividend is being paid approximately one month earlier than Nash Finch typically pays its third fiscal quarter dividend. As part of the Agreement and Plan of Merger between Spartan Stores and Nash-Finch, the companies agreed to coordinate the declaration, setting of record dates, and payment dates of dividends for the purpose of reducing the risk that Nash-Finch stockholders would receive dividends for the same calendar quarter on shares of Nash-Finch common stock and on shares of Spartan Stores common stock received as merger consideration, or that Nash-Finch stockholders would fail to receive a dividend on either shares of Nash-Finch common stock or shares of Spartan Stores common stock received as merger consideration for a calendar quarter.
Nash-Finch is a Fortune 500 company and the largest food distributor serving military commissaries and exchanges in the United States. Nash-Finch's core businesses include distributing food to military commissaries and retailers located in 44 states, the District of Columbia, Europe, Cuba, Puerto Rico, the Azores, Bahrain and Egypt. The Company also owns and operates a base of retail stores, primarily supermarkets under the Family Fresh Market®, Econofoods®, Family Thrift Center®, No Frills®, Bag 'n Save®, AVANZA®, and Sun Mart® trade names. Further information is available on the Company's website, www.nashfinch.com.