Texas Roadhouse Announces Special $0.10 Dividend
On December 10, 2012, Texas Roadhouse, Inc.'s (Nasdaq: TXRH) Board of Directors authorized the payment of a special year-end cash dividend of $0.10 per share of common stock payable on December 28, 2012 to shareholders of record at the close of business on December 21, 2012. This special year-end dividend is in addition to the Company's previously announced quarterly cash dividend of $0.09 per share of common stock also payable on December 28, 2012 to shareholders of record at the close of business on December 12, 2012.
“This special year-end dividend reflects our solid financial performance and underscores the commitment to return excess capital to our shareholders in an efficient manner”, said Kent Taylor, Chief Executive Officer of Texas Roadhouse. “Our balance sheet remains strong and we expect our cash flow to continue to internally fund our new restaurant growth. As such, we, and our Board of Directors, remain committed to returning excess capital to shareholders through dividends and opportunistic share repurchases.”
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