Sonic Corp (SONC) Declares $0.11 Quarterly Dividend; 1.2% Yield
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Sonic Declares Quarterly Dividend
April 7, 2016 4:55 PM EDTOKLAHOMA 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 May 11, 2016, with a payment date of May 20, 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.
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