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Ruth's Hospitality Group Inc Initiates Quarterly Cash Dividend; Announces Share Repurchase Program


Friday, 3 May 2013 07:00am EDT 

Ruth's Hospitality Group Inc announced that the Board of Directors, as part of the Company's focus on shareholder returns, has approved the initiation of a regular quarterly cash dividend to shareholders. The initial quarterly cash dividend of $0.04 per share will be paid to shareholders on May 30, 2013 to all common shareholders of record as of the close of business on May 16, 2013. Additionally, the Company also announced that Board of Directors has approved a share repurchase program under which it authorized the Company at discretion to repurchase up to $30 million of common shares outstanding. The Company intends to administer the share repurchase program in accordance with the conditions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Share repurchases may be made from time to time in the open market or in negotiated transactions depending on share price, market conditions and other factors. 

Latest Developments for Ruth's Hospitality Group Inc

Company Quote

11.25
0.15 +1.35%
1:58pm EDT