Meritage Hospitality Group (MHGU) Raises Special Dividend 33.3% to $0.02; 0.2% Yield

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Go back to Meritage Hospitality Group (MHGU) Raises Special Dividend 33.3% to $0.02; 0.2% Yield

Meritage Announces Quarterly Cash Dividend; 33.3% Increase Over Same Period Last Year

November 9, 2016 8:00 AM EST

GRAND RAPIDS, Mich., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Meritage Hospitality Group, Inc. (OTCQX: MHGU), one of the nations premier restaurant operators, today announced that the Companys Board of Directors approved a special quarterly dividend of $0.02 per share at the November 8, 2016 Directors meeting.  The dividend is payable on December 1, 2016, to shareholders of record on November 23, 2016.

The increased quarterly dividend payment is consistent with our stated philosophy to reward shareholders commensurate with earnings growth. We recently announced a new $97 million credit... More