UPDATE: Wendy's Posts Q2 Profit, Lifts Dividend By 25%

Wendy's Co

posted a profit in the second quarter. Wendy's board also approved a 25% rise in its quarterly dividend. Wendy's posted a quarterly profit of $12.2 million, or $0.03 per share, versus a year-ago loss of $5.5 million, or a penny per share. Excluding one-time items, its earnings came in at $0.08 per share. Its revenue rose 0.7% to $650.5 million. However, analysts were projecting earnings of $0.08 per share on revenue of $656 million. Wendy's shares surged 8.53% to $7.25 in pre-market trading.