Wendy’s/Arby’s Group Declares Cash Dividend

Wendy’s/Arby’s Group (WEN: 5.11 +1.39%) announced a quarterly cash dividend payment of $.015 per share.

 

The dividend will be payable on March 30, 2009 to shareholders of record as of March 20, 2009.

 

The company’s dividend yield now stands at 1.3%.

 

The market reacted positively to news of the quarterly dividend, sending shares up 3.4% to $4.89 in early morning trading. Since the beginning of the year, the stock has declined 4.3% compared to a 17.7% decline in the Dow Jones index.

 

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