Empire Company reports Q4 profit up from year ago, raises dividend

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Jun 17, 2007
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STELLARTON, N.S. — Empire Company Ltd. raised its quarterly dividend as it reported its fourth-quarter profit rose compared with a year ago. The grocery retailer, which owns Sobeys and Safeway as well as other banners, says it will now pay a quarterly dividend of 18.25 cents per share, up from 16.5 cents per share. Empire says its profit for the 13-week period ended May 6 amounted to $182.9 million or 72 cents per share. The result is up from a profit of $178.5 million or 68 cents per share a ye
 
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