Operations
Wendy's boosts quarterly dividend increase 29%
February 24, 2021
The Wendy's Company board authorized a 29% increase in the QSR's quarterly cash dividend rate, taking it from 7 cents to 9 cents per share, according to a news release.
The increase is effective with the next quarterly dividend payment, payable on March 15 to shareholders of record as of March 5. The approximate number of common shares outstanding as of Feb. 19 was 223.9 million.
"Our strong liquidity position, along with the momentum we are seeing in our business, supports this increase while still allowing us to invest in accelerated growth which remains our number one priority," Wendy's President and CEO Todd Penegor, said in the release.
Wendy's fourth quarter 2020 earnings are scheduled to be made public March 3.
Wendy's is based in Columbus, Ohio, and has more than 6,800 restaurants globally.
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