Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and seasonal merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retail pharmacies and clinics; and offers healthcare services, including administering immunizations for COVID-19, the flu, shingles, and others; assists its customers with high blood pressure, cholesterol, and diabetes; provides guidance on combating obesity and tobacco addiction; and educates customers on managing medications and potential side effects. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. In addition, it offers its products through online retail site. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania. On October 15, 2023, Rite Aid Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey.
Rite Aid Dividend Announcement
• Rite Aid announced a quarterly dividend of $0.12 per ordinary share which will be made payable on . Ex dividend date: 1999-10-14
• Rite Aid's trailing twelve-month (TTM) dividend yield is -%
Rite Aid Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 1999-10-14 | $0.12 | quarterly | |
| 1999-07-15 | $0.12 | quarterly | |
| 1999-04-15 | $0.12 | quarterly | |
| 1999-01-15 | $0.12 | quarterly | |
| 1998-10-15 | $0.11 | quarterly | |
| 1998-07-16 | $0.11 | quarterly | |
| 1998-04-16 | $0.11 | quarterly | |
| 1998-01-15 | $0.21 | quarterly | |
| 1997-10-16 | $0.20 | quarterly | |
| 1997-07-17 | $0.20 | quarterly | |
| 1997-04-17 | $0.20 | quarterly | |
| 1997-01-15 | $0.20 | quarterly | |
| 1996-12-05 | $0.18 | quarterly | |
| 1996-10-17 | $0.18 | quarterly | |
| 1996-07-18 | $0.18 | quarterly | |
| 1996-04-18 | $0.18 | quarterly | |
| 1996-01-18 | $0.18 | quarterly | |
| 1995-10-19 | $0.17 | quarterly | |
| 1995-07-20 | $0.17 | quarterly | |
| 1995-04-18 | $0.17 | quarterly | |
| 1995-01-09 | $0.17 | quarterly | |
| 1994-10-11 | $0.15 | quarterly | |
| 1994-07-12 | $0.15 | quarterly | |
| 1994-04-12 | $0.15 | quarterly | |
| 1994-01-10 | $0.15 | quarterly | |
| 1993-10-12 | $0.15 | quarterly | |
| 1993-07-13 | $0.15 | quarterly | |
| 1993-04-13 | $0.15 | quarterly | |
| 1993-01-11 | $0.15 | quarterly | |
| 1992-10-13 | $0.14 | quarterly | |
| 1992-07-14 | $0.14 | quarterly | |
| 1992-04-13 | $0.14 | quarterly | |
| 1992-01-13 | $0.14 | quarterly | |
| 1991-10-15 | $0.12 | quarterly | |
| 1991-07-16 | $0.12 | quarterly | |
| 1991-04-16 | $0.25 | quarterly | |
| 1991-01-14 | $0.25 | quarterly | |
| 1990-10-16 | $0.23 | quarterly | |
| 1990-07-17 | $0.23 | quarterly | |
| 1990-04-17 | $0.23 | quarterly | |
| 1990-01-16 | $0.23 | quarterly | |
| 1989-10-17 | $0.20 | quarterly | |
| 1989-07-18 | $0.20 | quarterly | |
| 1989-04-18 | $0.20 | quarterly | |
| 1989-01-09 | $0.20 | quarterly | |
| 1988-10-11 | $0.18 | quarterly | |
| 1988-07-12 | $0.18 | quarterly | |
| 1988-04-12 | $0.18 | quarterly | |
| 1988-01-11 | $0.18 | quarterly |
Rite Aid Dividend per year
Rite Aid Dividend growth
Rite Aid Dividend Yield
Rite Aid current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Rite Aid stock? Use our calculator to estimate your expected dividend yield:
Rite Aid Financial Ratios
Rite Aid Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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