Meritage Hospitality Group (MHGU) Declares $0.08 Quarterly Dividend; 1.5% Yield

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Go back to Meritage Hospitality Group (MHGU) Declares $0.08 Quarterly Dividend; 1.5% Yield

Meritage Announces Increased Third Quarter Common Stock Dividend

August 17, 2021 11:33 AM EDT

GRAND RAPIDS, Mich., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nations premier franchise operator, today announced that the Companys Board of Directors approved a special quarterly dividend of $0.08 per share. The special dividend is payable on October 1, 2021 to shareholders of record on September 15, 2021.

The Company recently reported record second quarter financial results and a new accretive $302.8 million senior credit facility which will provide significant future cash flow benefits to the Company including, but not limited to, a decrease in base pricing of 40 basis points,... More