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SpartanNash Co bears the ticker symbol SPTN, and this is my first mention of SPTN for this new Viking Portfolio but I have selected it for one or more of my previous seven dog of the week folios.

SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale.

The Company’s Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the company's corporate-owned retail stores. It also distributes grocery products to military commissaries. Most of the SPTN revenue is earned from the wholesale segment.

The Retail segment operates retail supermarkets, pharmacies, fuel centers, and convenience stores primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, and Dan's Supermarket.

The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013.

SpartanNash Company was founded in 1917 and is based in Grand Rapids, Michigan.

Three key data points gauge Spartan Nash Co or any dividend-paying firm. They are:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.
 

SPTN Price

Spartan Nash Co's price per share was $24.29 at Wednesday’s market close. In the past year, SPTN's share price fell $10.37 or about 30%.

If SPTN stock trades in the range of $15.00 to $30.00 this next year, its recent $24.29 share price might reach $26.00 by next year. That upside estimate of $1.71 is based roughly on the median of one-year price estimates from 5 analysts covering SpagtanNash Co for brokers.
 

SPTN Dividend

Spartan Nash Co’s most recent forward-looking annual dividend of $0.86 casts an annual yield of 3.54%.
 

SPTN Returns

Adding the $0.86 annual estimated SpartanNash Co dividend to my estimated $1.79 price increase reveals a $2.65 potential gross gain estimate per share.

At Tuesday’s $24.39 closing price, a little under $1000 would buy 41 shares.

A $10 broker fee (if charged), paid half at purchase and half at the sale, might cost us about $0.24 per share.

Subtracting that maybe $0.24 brokerage cost from my estimated $2.65 gross gain makes a net gain of $2.41 X 41 shares = $98.81 for a 9.75% net gain including A 3.54% annual dividend yield.

In the next year, our $1K investment in shares of SPTN should generate $35.40 in cash dividends. Furthermore, a single share of SPTN at Wednesday’s $24.29 price is almost 1.5 times less than the $35.40 estimated annual dividend income from a $1000.00 investment.

So, by my dogcatcher ideal, this is a proper time to consider SPTN shares, based on their dividends for 2023. The current dividend from $1K invested is 1.46 times greater than the VF Corp single share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of SpartanNash Co. Only time and money invested in this stock will determine its future market value.

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