Shares rise as company declares special dividend
- Natural Grocers by Vitamin Cottage declares special dividend
- Fourth-quarter sales rise 7.6% to $295.1 million
- Net income more than doubles to $5.9 million
Shares of Natural Grocers by Vitamin Cottage rose in late trading after the retailer issued a special dividend in conjunction with fourth-quarter earnings. The stock was up 6.3% in after-hours trading to $13.61. It closed Thursday at $12.80, and is up 40% this year. The Lakewood, Colo.-based company said its board declared a special cash dividend of $1 per common share, in addition to a quarterly dividend of 10 cents a share. President Kemper Isely said the payout reflects the company’s strong operating trends, financial position and confidence in its outlook. Natural Grocers also on Thursday reported that fourth-quarter sales rose 7.6% to $295.1 million. Daily average comparable sales rose 6.9%, lifted by a 3.6% increase in transactions and a 3.3% increase in the average transaction. Net income more than doubled to $5.9 million, or 26 cents a share, for the quarter ended Sept. 30, from $2.2 million, or 9 cents a share, in the same quarter a year ago.
Factuality Level: 8
Factuality Justification: The article provides specific information about Natural Grocers’ special dividend, fourth-quarter earnings, sales growth, and net income. The information is presented in a straightforward manner without any obvious bias or opinion. However, the article lacks additional context or analysis, which could have provided a more comprehensive understanding of the company’s performance.
Noise Level: 6
Noise Justification: The article provides information about Natural Grocers’ special dividend and fourth-quarter earnings. It includes relevant financial data and statements from the company’s president. However, it lacks analysis of long-term trends or antifragility, and does not hold powerful people accountable or explore the consequences of decisions. It also does not provide scientific rigor or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Natural Grocers by Vitamin Cottage
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Natural Grocers by Vitamin Cottage, including its fourth-quarter earnings, special dividend, and sales growth. There is no mention of any extreme events.
Public Companies: Natural Grocers by Vitamin Cottage (N/A)
Key People: Kemper Isely (President)
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