Burger King to repurchase shares

Burger King to repurchase shares
Tags: Burger/Steak/BBQ, Operations Management
May 31, 2007

MIAMI — Burger King Holdings Inc. has announced that its board of directors has authorized the repurchase of up to $100 million of the company's common stock.

The share repurchases will be made in the open market from time to time prior to December 31, 2008, and will be funded from available cash. The share repurchases may be suspended or discontinued at any time. Shares of stock repurchased under the plan will be retired.

The company also announced that its board of directors has declared a quarterly dividend of $0.0625 per share of common stock. The dividend is payable on June 28, 2007, to shareholders of record at the close of business on June 11, 2007.