Brinker Keeps Dividend at $0.20
Restaurant operator Brinker International announced yesterday its second-quarter dividend of $0.20 per share, the same rate it's paid for the last three quarters when it raised the payout 25% from $0.16 per share.
The board of directors said the quarterly dividend is payable on June 27 to the holders of record at the close of business on June 14. Brinker has paid a dividend every year since 2009 and has increased the payout every year since then.
Brinker owns, operates, or franchises 1,588 restaurants under the names Chili's Grill & Bar (1,544 restaurants) and Maggiano's Little Italy (44 restaurants).
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 2% based on the closing price of Brinker International's stock on May 30.
The article Brinker Keeps Dividend at $0.20 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.