Albertson's Company
...he year 1998-1999, being the company’s peak. There was then a great decrease later in the year 1999, and has been the same price ever since. The company has been paying dividends since the year 1960. The most recent dividend paid was $.19 on December 5, 2002. Profits are rather low at the moment. Since the year 1996, profits have been increasing. In the year 2000, profits began to decrease. In the year 2002, profits increased by a little once again. A new management team has been taking action to get the struggling food retailer headed back into the right direction. They have adopted more aggressive pricing strategies by saving from initiatives t hat include store closings and layoffs, which have helped trim about $250 million from the cost structure. There are many competitors with Albertson’s. Its top competitors, including Wal-Mart, Kmart, and Target, are creating a demanding environment for ...