Bob Evans Increases Quarterly Dividend 11.1 Percent
Bob Evans Farms, Inc. (Nasdaq: BOBE) announced that its board of directors has approved an 11.1 percent increase in the quarterly cash dividend from 18 cents ($0.18) per share to 20 cents ($0.20) per share on the company's outstanding common stock.
The increased dividend is payable on Sept. 21 to stockholders of record at the close of business on Sept. 7.
Chairman and Chief Executive Officer Steve Davis said the Company's recent debt pay down, dividend increase and share repurchases are indicative of the Company's efforts to utilize its strong balance sheet to build stockholder value. "Increasing our dividend at the same time that we are repurchasing shares demonstrates our ongoing commitment to our stockholders," Davis said.
In the first quarter of fiscal 2011, the Company repurchased 170,000 shares for a total of $4.4 million and reduced its total debt by $8.9 million. The Company's board of directors has authorized share repurchases of up to $25 million for fiscal 2011, which ends April 29, 2011.
Logos, product and company names mentioned are the property of their respective owners.
- Bob Evans Reports Fiscal 2012 First-Quarter Results
- Bob Evans Reports Fiscal 2011 Full-Year and Fourth-Quarter Results; Provides FY 2012 Outlook
- Bob Evans Announces Quarterly Dividend
- Bob Evans® Announces New Farm-Fresh Look for Food Products Line
- Bob Evans Farms Names Mark Mears As President and Chief Concept Officer of Mimi's Cafe
- Tootie Pie Company January Same Store Sales Up 23%
- Panera Bread Company Reports Fourth Quarter and Full Year Fiscal 2011 Diluted EPS of $1.42 and $4.65, Both Before One-Time Charge, Up 17% and 28% Over Fiscal 2010
- Chick-fil-A Achieves Record Annual Sales of $4 Billion
- Benihana Inc. Reports Results for Fiscal Third Quarter 2012
- Buffalo Wild Wings, Inc. Fourth Quarter Revenues Up 34.5%
