Bob Evans Raises Quarterly Dividend Again

Bob Evans Farms (BOBE: 37.58 +2.51%) is raising their quarterly dividend by 11% to $.20 per share.

 

Following the dividend increase, BOBE shares will yield 3.1% based on yesterday’s closing price.

 

Chairman and Chief Executive Officer Steve Davis said the Company’s recent debt pay down, dividend increase and share repurchases are indicative of the Company’s efforts to utilize its strong balance sheet to build stockholder value.

 

“Increasing our dividend at the same time that we are repurchasing shares demonstrates our ongoing commitment to our stockholders,” Davis said.

 

This marks the second time in the past year that Bob Evans has increased their quarterly dividend. In November, the company raised their dividend 12.5%. We had highlighted Bob Evans as one of the top 5 restaurant dividend stocks earlier this year.

 

The dividend will be payable on September 21, 2010 to shareholders of record as of September 7, 2010.

Recommend This Article To Others:

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

Related Dividend Articles:

• Altera Boosts Dividend
• Cummins Dividend Yield Climbs Higher
• Medtronic Raises Dividend for 34th Consecutive Year
• AmerisourceBergen Increasing Dividend Again
• Johnson & Johnson Rolls Out Dividend Increase