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SpartanNash Co is known by the trading ticker symbol, SPTN. It is included in the Consumer Defensive sector as a Food Distribution company. This is my third report for my Volio Portfolio on SPTN. Most recently I last discussed SPTN on May 25th.

SpartanNash Co is a multi-regional grocery distributor and retailer. 

The company operates in the United States and is segmented into Military, Food Distribution, and Retail. 

Its Military segment consists of the distribution of products to The United States military commissaries, which provide food to active-duty, guard, reserve, or retired members of the military at discounted prices. 

The Food distribution segment proves to be the principal division, deriving the revenue streams for the company. 

Its retail division consists of supplying both independent grocery retailers and owned retail stores.

SpartanNash Company also markets and distributes private brand items primarily under the Our Family brand name. 

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 headquartered in Grand Rapids, Michigan.

Three key data points gauge dividend equities or funds like SpartanNash Co:

(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

SpartanNash Co's price per share was $19.30 as of yesterday's market close. One year ago its price was $22.15. So SPTN price has dropped almost 13% in the past year. 

If SpartanNash Co's stock trades in the range of $16 to $26 this next year, its recent $19.30 price might rise by $2.50 to reach $21.80 by July 27, 2022. My estimate corresponds to the median of estimates by the six analysts tracking SPTN for brokerages. 

SPTN Dividends

SpartanNash's most recent regular quarterly dividend payout of  $0.20 was paid June 30, 2021, and projects an annual payout of $0.80 per share to yield 4.15% based on yesterday's $19.30 closing price. SPTN has paid quarterly dividends increasing annually for 11 years.

SPTN Returns

Adding the $0.80 annual SPTN forward-looking dividend to my $2.50 price upside estimate shows a $3.30 potential gross gain, per share, to be reduced by any costs to trade SpartanNash shares.  

At yesterday's $19.30 price per share, a little over $1000 would buy 52 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at a sale and might cost us about $0.19 per share.

Subtract that maybe $0.19 brokerage cost from my estimated $3.30 gross gain per share results in a net gain of $3.11 X 52 shares = $161.72 for a 16.15% net gain on a $1,003.60 investment.

So it is that SpartanNash Co. shows a possible 16.15% net gain including a 4.15% forward estimated dividend yield. 

Over the next year at this time, a $1000 investment in SpartanNash Co. could generate $41.50 in cash dividends alone. And a single share bought at yesterday's closing price was $19.30! Thus, SPTN's share price is now 46.5% of the dividend income from $1K invested. So, according to the dividend dogcatcher ideal, this is a good time pickup SpartanNash shares because the dividend from $1k invested exceeds the single share price. Consider yourself alerted.  

All of the estimates above are speculation based on the past history of SpartanNash Co. Only time and money invested in this stock will determine its true worth.