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Provider: Thomson Reuters Stock Report
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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Cracker Barrel Old Country Store Inc Increases Dividend; Renews And Increases Share Repurchase Authorization

Wednesday, 19 Sep 2012 07:00am EDT 

Cracker Barrel Old Country Store Inc announced that its Board of Directors has increased the quarterly dividend to $0.50 per share on the Company’s common stock, payable on November 5, 2012 to shareholders of record as of October 19, 2012. This represents a 25% increase over the Company’s last quarterly dividend of $0.40 and a doubling of the quarterly dividend of $0.25 declared in the first fiscal quarter of 2012. In addition, the Board approved a new share repurchase program for up to $100 million of the Company's outstanding common stock. The share repurchase authorization, which is effective immediately and replaces the prior, recently expired authorization, permits the Company to effect repurchases from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions. 

Company Quote

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22 Aug 2014