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HANNAFORD DECLARES COMMON STOCK DIVIDEND AND ANNOUNCES INCREASED QUARTERLY CASH DIVIDEND

 HANNAFORD DECLARES COMMON STOCK DIVIDEND AND ANNOUNCES INCREASED
 QUARTERLY CASH DIVIDEND
 SCARBOROUGH, Maine, Feb. 11 /PRNewswire/ -- Hannaford Bros. Co. (NYSE: HRD) Northern New England's largest food retailer, has declared a two-for-one common stock split to be effected in the form of a 100 percent common stock dividend, payable March 10, 1992, to shareholders of record at the close of business on Feb. 24, 1992.
 On March 10, 1992, each eligible shareholder will be issued one additional share of common stock for each share held.
 Hannaford has also declared an increased quarterly cash dividend on the increased shares of common stock in the amount of 7.5 cents per share, payable April 2, 1992, to shareholders of record at the close of business on March 20, 1992.
 The new annual dividend rate of 30 cents per share represents an increase of 15.4 percent over the previous annual rate 26 cents after adjustment for the 100 percent stock dividend to be paid March 10, 1992. This year will mark the 44th consecutive year that cash dividends have been paid on the common stock, and the 30th consecutive year that the aggregate dividend paid per share (after adjustment for stock splits and stock dividends) has increased.
 -0- 2/11/92
 /CONTACT: Charles H. Crockett, assistant secretary for Hannaford Brothers Company, 207-883-2911/ CO: Hannaford Brothers Company ST: Maine IN: FIN SU:


EG-DH -- NE010 -- 8766 02/11/92 11:27 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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