Sonic Corp (SONC) Declares $0.14 Quarterly Dividend; 2.1% Yield

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Go back to Sonic Corp (SONC) Declares $0.14 Quarterly Dividend; 2.1% Yield

Sonic Declares Quarterly Dividend

July 6, 2017 4:05 PM EDT

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 $0.14 per share of common stock to be paid to shareholders of record as of the close of business on August 9, 2017, with a payment date of August 18, 2017. In addition to the dividend, the company has a share repurchase authorization for up to $173 million of its common stock through August 31, 2017.

Future declaration of quarterly dividends and the establishment of future record and payment dates... More