DUBLIN, Ohio, Oct. 28, 2015 /PRNewswire/ -- The Wendy's Company (NASDAQ: WEN) today announced that its Board of Directors has authorized a 9 percent increase in the quarterly cash dividend rate from 5.5 cents to 6 cents per share. The increase will be effective with the next quarterly cash dividend, which is payable December 15, 2015, to shareholders of record as of December 1, 2015.
The approximate number of common shares outstanding as of October 26, 2015 was 273.4 million.
About The Wendy's Company
The Wendy's Company is the world's third-largest quick-service hamburger company. The Wendy's® system includes approximately 6,500 franchise and Company-operated restaurants in the United States and 28 countries and U.S. territories worldwide. For more information, visit www.aboutwendys.com.
Notes: There can be no assurance that any additional regular quarterly cash dividends will be declared or paid after the date hereof, or of the amount or timing of such dividends, if any. Future dividend payments, if any, are subject to applicable law, will be made at the discretion of the Board of Directors and will be based on such factors as The Wendy's Company's earnings, financial condition and cash requirements and other factors.
SOURCE The Wendy's Company