Frisch's Restaurants, Inc. Declares 6.7% Increase In Its 203rd Consecutive Quarterly Dividend
CINCINNATI, Sept. 12, 2011 /PRNewswire/ -- Frisch's Restaurants, Inc. (NYSE Amex: FRS), announced today that the Board of Directors declared a $0.16 per share quarterly dividend payable October 10, 2011 to shareholders of record at the close of business on September 26, 2011. This represents an increase of one cent per share, or 6.7%, in the regular quarterly dividend rate, and will be the 203rd consecutive quarterly dividend paid by Frisch's. The Company has reported a profit every year since going public in 1960, and paid cash dividends to shareholders every quarter over the same period.
Craig F. Maier, President and Chief Executive Officer, said, "The Board of Directors has elected to increase the quarterly dividend as a vote of confidence in the Company's future. We value our shareholders' investment in Frisch's and are pleased to share financial success through the dividend."
Frisch's Restaurants, Inc. (www.frischs.com) is a regional company that operates full service family-style restaurants under the name of Frisch's Big Boy. The Company owns the trademark "Frisch's" and has exclusive, irrevocable ownership of the rights to the "Big Boy" trademark, trade name and service mark in the states of Kentucky and Indiana, and in most of Ohio and Tennessee. The Company also licenses Big Boy restaurants to other operators in certain parts of Ohio, Kentucky and Indiana.
In addition, the Company operates grill buffet-style restaurants under the name Golden Corral under certain licensing agreements. Golden Corral restaurants currently operate primarily in the greater metropolitan areas of Cincinnati, Cleveland, Columbus, Dayton and Toledo, Ohio, Louisville, Kentucky and Pittsburgh, Pennsylvania.
SOURCE Frisch's Restaurants, Inc.