Restaurant operator Brinker International (NYSE:EAT) announced yesterday its second-quarter dividend of $0.20 per share, the same rate it's paid for the last three quarters when it raised the payout 25% from $0.16 per share.
The board of directors said the quarterly dividend is payable on June 27 to the holders of record at the close of business on June 14. Brinker has paid a dividend every year since 2009 and has increased the payout every year since then.
Brinker owns, operates, or franchises 1,588 restaurants under the names Chili's Grill & Bar (1,544 restaurants) and Maggiano's Little Italy (44 restaurants).
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 2% based on the closing price of Brinker International's stock on May 30.
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