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 Fourth Quarter Common Stock Dividend

November 10, 2021 8:00 AM EST

GRAND RAPIDS, Mich., Nov. 10, 2021 (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 $0.08 per share at the November 9, 2021, meeting. The dividend is payable on January 1, 2022, to shareholders of record on December 15, 2021.

Common stock dividends for the year increased 129% to $0.32 per share compared to $0.14 per share last year. Recently, the Company announced strong earnings results for the nine months with sales increasing 13.9% to $428.6 million while consolidated EBITDA (a... More