Bob Evans raises dividend to 18 cents, authorizes buyback of 1 million shares through April 30
By APThursday, November 19, 2009
Bob Evans boosts payout; authorizes stock buyback
COLUMBUS, Ohio — Restaurant company Bob Evans Farms Inc. said Thursday it will raise its quarterly dividend from 16 cents per share to 18 cents, and its board authorized a new share buyback program.
The dividend will be payable on Dec. 15 to shareholders of record as of Dec. 4.
The company also said it would repurchase up to one million shares. The buybacks could begin immediately and will run through April 30.
The shares closed at $25.43 on Thursday, down 75 cents, or 2.9 percent. They fell another penny in trading after hours.
Tags: Columbus, Corporate Stock, Dividends, North America, Ohio, Share Buybacks, Stock Price Movements, United States
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