Lucky Stores reinstated its quarterly dividend.

The retail chain’s board of directors declared a cash dividend of 12.5 cents a share on its common stock, payable April 3 to shareholders of record March 16. Chairman John M. Lillie said the action “reflects the excellent progress of our restructuring, strong operating performance in the fourth quarter and confidence in the core food business.” He added that the Dublin, Calif.-based retailer has paid quarterly dividends “consistently since 1947, except for the fourth quarter 1986 that was omitted in connection with the $575-million share repurchase last December.”