Burger King Holdings Declares Quarterly Dividend

By: Burger King | 0 Shares 58 Reads

MIAMI--(BUSINESS WIRE)--Aug. 29, 2007--Burger King Holdings Inc. (NYSE: BKC) announced today that its board of directors has declared a quarterly dividend of $0.0625 per share of common stock. The dividend is payable on Sept. 28, 2007 to shareholders of record at the close of business on Sept. 14, 2007.

"We are committed to using our strong and consistent cash flow that is forecasted during fiscal 2008 to increase shareholder value," said CFO Ben Wells. "We intend to apply our strategic uses of cash to capitalize on market opportunities including share repurchases, debt retirement and the payment of this third quarterly dividend. At the same time, we believe that our substantial cash flow will enable us to increase our capital spending to build and remodel company restaurants that are expected to generate significant returns and grow the brand."

Forward Looking Statements

This press release contains forward-looking statements, including statements regarding the company's future uses of cash, including an increase in the company's capital spending on building and remodeling restaurants, expectations regarding its cash flow during fiscal 2008 and ability to generate significant returns and grow the brand by building and remodeling company restaurants. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Important factors could cause actual events to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, those risk factors set forth in the company's filings with the Securities and Exchange Commission, including its annual and quarterly reports.

About Burger King Holdings Inc.

The BURGER KING(R) system operates more than 11,200 restaurants in all 50 states and 69 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING(R) restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about Burger King Holdings Inc., please visit the company's Web site at www.bk.com.

CONTACT: Burger King Corporation, Miami
BKC Media Relations
Keva Silversmith, 305-378-7277
ksilversmith@whopper.com
or
BKC Investor Relations
Amy Wagner, 305-378-7696
awagner@whopper.com

SOURCE: Burger King Holdings Inc.