Sonic Declares Quarterly Dividend
16 October 2015 - 7:01AM
Business Wire
Sonic Corp. (NASDAQ:SONC), the nation's largest chain of
drive-in restaurants, today announced that its Board of Directors
declared a quarterly cash dividend of $0.11 per share of common
stock to be paid to shareholders of record as of the close of
business on November 11, 2015, with a payment date of November 20,
2015. This represents a 22% increase from the prior quarterly
dividend of $0.09 per share.
Future declaration of quarterly dividends and the establishment
of future record and payment dates are subject to the final
determination of the company's Board of Directors.
About Sonic
SONIC, America's Drive-In is the nation's largest drive-in
restaurant chain serving more than 3 million customers every day.
Nearly 90 percent of SONIC's 3,500 drive-in locations are owned and
operated by local business men and women. Over the past 60 years,
SONIC has delighted guests with signature menu items, more than 1.3
million drink combinations and friendly service by iconic Carhops.
To learn more about Sonic Corp. (NASDAQ/NM: SONC), please visit
www.sonicdrivein.com or follow us on
Facebook and Twitter.
This press release contains forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements reflect management’s expectations regarding future
events and operating performance and speak only as of the date
hereof. These forward-looking statements involve a number of risks
and uncertainties. Factors that could cause actual results to
differ materially from those expressed in, or underlying, these
forward-looking statements are detailed in the company’s annual and
quarterly report filings with the Securities and Exchange
Commission. The company undertakes no obligation to publicly
release revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unforeseen events, except as required to be reported
under the rules and regulations of the Securities and Exchange
Commission.
SONC-F
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version on businesswire.com: http://www.businesswire.com/news/home/20151015006591/en/
Sonic Corp.Corey Horsch, 405-225-4800Vice President, Investor
Relations and Treasurer
Sonic (NASDAQ:SONC)
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