European Dividend Aristocrat and Supermarket giant Ahold Delhaize NV reported a 78% surge in second-quarter earnings related to the coronavirus. The 2020 interim dividend is €0.50, up 67%
Underlying operating income was €1.01 billion, up 78% from 594 million euros in the same period a year ago, on comparable sales of €19.1 billion, up 15.9%.
Ahold raised its outlook for 2020, the per-share earnings growth outlook is slightly above 20%. Full-year online sales are projected to grow by 55% and reach €7 billion in 2020.
The 2020 interim dividend is €0.50 per share, up 67% based on the previous €0.30 per share, and based on 40% of first-half 2020 underlying income per share. This increase is now the 12th year of consecutive dividend increases.
Ahold shares closed at €26.32 on Wednesday, up 5.32% for the day, and up 17% so far this year.
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