Meat Industry INSIGHTS Newsletter

981207 Richfood Holdings Declares Second Quarter Dividend

December 3, 1998

Richmond VA - Richfood Holdings, Inc. announced that its Board of Directors declared a quarterly cash dividend on its outstanding Common Stock for the second quarter of fiscal 1999. A cash dividend of $0.05 per share will be payable on or about December 31, 1998, to shareholders of record on December 15, 1998.

Richfood Holdings, Inc., headquartered in Richmond, Virginia, is the largest wholesale food distributor and one of the largest food retailers in the Mid- Atlantic operating region. The Company's wholesale division provides a full range of grocery, dairy, frozen food, produce, meat and non-food items to chain and independent retailers throughout the region. The Company's retail division operates three retail grocery store chains: 43 Farm Fresh retail grocery stores located primarily in Virginia's Hampton Roads market; 38 Shoppers Food Warehouse supermarkets in the Washington, D.C. area; and 18 Metro retail grocery stores in the metropolitan Baltimore area.

This Article Compliments of...

Iotron Technology Inc.

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