Sonic Corp (SONC) Declares $0.16 Quarterly Dividend; 2.4% Yield
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Sonic Declares Quarterly Dividend
April 12, 2018 4:05 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 $0.16 per share of common stock to be paid to shareholders of record as of the close of business on May 9, 2018, with a payment date of May 18, 2018. In addition to the dividend, the company has a share repurchase authorization for up to $160 million of its common stock through August 31, 2018.
Future declaration of quarterly dividends and the establishment of future record and payment dates... More
