Wendy's/Arby's Group, Inc. Announces Regular Quarterly Cash Dividend of $0.015 Per Share
Board Increases Stock Repurchase Authorization to $200 Million
ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced the declaration of its regular quarterly cash dividend of $0.015 per share, payable on March 15, 2010 to Wendy's/Arby's Group, Inc. stockholders of record as of March 1, 2010.
In addition, the Company announced today that its Board of Directors has increased the aggregate authorized amount of its common stock repurchase program to $200 million, an increase of $100 million from the amount reported on November 5, 2009. Approximately $111 million of such aggregate amount had been repurchased through January 25, 2010. The current program remains in effect through January 2, 2011 and will allow the Company to make repurchases as market conditions warrant.
As of January 3, 2010, Wendy's/Arby's Group, Inc. had 452,949,023 shares of common stock outstanding.
About Wendy's/Arby's Group, Inc.
Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the U.S., and includes Wendy's International, Inc., the franchisor of the Wendy's(R) restaurant system, and Arby's Restaurant Group, Inc., the franchisor of the Arby's(R) restaurant system. The combined restaurant systems include more than 10,000 restaurants in the United States and 23 countries and territories worldwide.
- There can be no assurance that any additional regular quarterly cash dividends will be declared or paid after the date hereof, or of the amount or timing of such dividends, if any. Any future dividend payments, if any, are subject to applicable law, will be made at the discretion of the Board and will be based on such factors as Wendy's/Arby's Group, Inc. earnings, financial condition, cash requirements and other factors.
- There can be no assurance that any share repurchases will be made in the future or that any such repurchases will result in additional shareholder value.
SOURCE: Wendy's/Arby's Group, Inc