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RICHFOOD HOLDINGS DECLARES INCREASED FIRST QUARTER DIVIDEND

 RICHFOOD HOLDINGS DECLARES INCREASED FIRST QUARTER DIVIDEND
 RICHMOND, Va., Sept. 3 /PRNewswire/ -- The board of directors of Richfood Holdings, Inc. (NASDAQ: RCHF) today declared an increased quarterly dividend on its outstanding common stock for the first quarter of fiscal 1993. A cash dividend of $0.035 will be payable on or about Sept. 30, 1992, to shareholders of record on Sept. 15, 1992. This represents an increase of $0.01 or 40 percent from the $0.025 per share cash dividend paid for the first quarter of fiscal 1992.
 Donald D. Bennett, president and chief executive officer, said: "We are extremely pleased with the performance of the company in the first quarter, particularly in light of current economic conditions. As a result of our operating strength and our confidence in future prospects, we have increased the cash dividend to shareholders."
 Richfood Holdings, Inc. is the largest wholesale food distributor in its Mid-Atlantic operating region. The company sells a complete selection of national brand and private label groceries, frozen foods meat, produce, dairy, bakery and delicatessen products to approximately 400 customers that operate approximately 650 supermarkets in Virginia, Maryland, North Carolina, Delaware, West Virginia and the District of Columbia.
 -0- 9/3/92
 /CONTACT: David Walke or June Filingeri of Morgen-Walke Associates, 212-986-5900, for Richfood Holdings/
 (RCHF) CO: Richfood Holdings, Inc. ST: Virginia IN: SU: DIV


SH-TS -- NY028 -- 6294 09/03/92 09:59 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
Words:234
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/C O R R E C T I O N -- Richfood Holdings, Inc./.
/C O R R E C T I O N -- Richfood Holdings, Inc./.

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