Dave & Buster's Entertainment (PLAY) Initiates, Declares $0.15 Quarterly Dividend; $100M Buyback

Dave & Buster's Entertainment (NASDAQ: PLAY) initiated and declared a quarterly dividend of $0.15 per share, or $0.6 annualized. The dividend will be payable on October 10, 2018, to stockholders of record on September 25, 2018, with an ex-dividend date of September 24, 2018. The annual yield on the dividend is 1 percent.

On September 11, 2018, the Board increased the Company’s total share repurchase authorization $100 million and extended the share repurchase program through the end of fiscal 2020. All other terms of the share repurchase program remain in effect. During the second quarter of 2018, we repurchased approximately 729,000 shares for $33.7 million, with an additional 212,000 shares for $11.3 million through September 11, 2018 during the third quarter. As of the same date, cumulatively, we had repurchased 4.8 million shares for $253.1 million. Including the additional authorization, we now have approximately $146.9 million available for share repurchases.

For a dividend history and other dividend-related data on Dave & Buster's Entertainment (PLAY) click here.

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