Sonic Corp (SONC) Declares $0.11 Quarterly Dividend; 1.5% Yield

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Go back to Sonic Corp (SONC) Declares $0.11 Quarterly Dividend; 1.5% Yield

Sonic Declares Quarterly Dividend

January 28, 2016 4:05 PM EST

New Director R. Neal Black Elected at Annual Shareholders Meeting

OKLAHOMA CITY--(BUSINESS WIRE)-- Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced that its board of directors declared a quarterly cash dividend of $0.11 per share of common stock to be paid to shareholders of record as of the close of business on February 10, 2016, with a payment date of February 19, 2016. In addition to the dividend, the company has a share repurchase authorization for up to $145 million of its common stock through August 31, 2016.

Future declaration of... More