Lucky Stores will omit its quarterly dividend.

The Dublin, Calif., food retailer had indicated that it probably would forgo the fourth-quarter payout because of the company’s pending $40-a-share tender offer for almost 15 million common shares. The dividend would have been paid in January. Lucky spokeswoman Judith Decker said the board anticipates resuming the quarterly dividend in early April but at a lower rate than the 29 cents previously paid. The all-cash tender offer will cost an estimated $575 million.