Papa John's Announces Quarterly Dividend

LOUISVILLE, Ky. - April 28, 2016 - (BUSINESS WIRE) - Papa John's International, Inc. (NASDAQ: PZZA) today announced that the Board of Directors has declared a quarterly dividend of $0.175 per common share, payable May 20, 2016, to shareholders of record at the close of business on May 9, 2016. At this quarterly dividend rate, the annual dividend is equivalent to $0.70 per common share.

Forward-Looking Statements

Certain matters discussed in this press release which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Part I. Item 1A. - Risk Factors" of the Annual Report on Form 10-K for the fiscal year ended December 27, 2015. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.

For more information about the Company, please visit www.papajohns.com.

SOURCE Papa John's International, Inc.

Contact:

Lance Tucker
Papa John's International, Inc.
Chief Financial Officer
502-261-7272

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