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The Cheesecake Factory Inc Increases Quarterly Dividend and Share Repurchase Authorization


Wednesday, 24 Jul 2013 04:15pm EDT 

The Cheesecake Factory Inc announced that the its Board of Directors approved an increase in its quarterly dividend equating to 17%. The Company`s Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company`s common stock. The dividend is payable on August 20, 2013 to shareholders of record at the close of business on August 7, 2013. The Company now expects to allocate as much as $125 million toward share repurchases in the second half of fiscal 2013. In addition, the Company`s Board of Directors increased its share repurchase authorization by 7.5 million shares to 48.5 million shares. 

Company Quote

47.055
0.435 +0.93%
20 Nov 2014