Darden Restaurants, Inc. (DRI) Misses Q2 EPS by 6c
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Darden Restaurants, Inc. (DRI) Declares $0.55 Quarterly Dividend; 4.2% Yield
December 19, 2013 7:13 AM ESTDarden Restaurants, Inc. (NYSE: DRI) declared a quarterly dividend of $0.55 per share, or $2.2 annualized.
The dividend will be payable on February 3, 2014, to stockholders of record on January 10, 2014, with an ex-dividend date of January 8, 2014.
The annual yield on the dividend is 4.2... More
Darden (DRI) Plans to Divest Red Lobster Unit
December 19, 2013 7:04 AM ESTDarden Restaurants, Inc. (NYSE: DRI) announced today that its Board of Directors has approved a comprehensive plan to enhance shareholder value, address changing industry dynamics in the casual dining sector and leverage the benefits of the Company's position as the premier casual dining restaurant company. The elements of this comprehensive plan include the following:
-- Separate the company's Red Lobster business: Although no final decision has been made on the form of the separation, the Company expects to execute a tax-free spin-off of Red Lobster to its shareholders, but may also... More
