STAR Total Comps Down 0.5% in 2005; Raises Dividend
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Lone Star Steakhouse & Saloon, Inc. (Nasdaq: STAR) said for the year comparable sales fell 2.5% at Lone Star Steakhouse & Saloon restaurants. Comparable sales fell 0.5% in 2005 for total company operated Steakhouse restaurants.
The Board of Directors of the Company announced an increase in the Company's quarterly cash dividend to $.205 per share from the previous amount of $.195 effective for 2006. On an annualized basis, the dividend will increase from $.78 to $.82 per share, an increase of 5.1%.
The Board of Directors of the Company announced an increase in the Company's quarterly cash dividend to $.205 per share from the previous amount of $.195 effective for 2006. On an annualized basis, the dividend will increase from $.78 to $.82 per share, an increase of 5.1%.
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