Applebee's International Declares Increased Annual Dividend and Stock Repurchase Authorization.Business Editors OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan.--(BUSINESS WIRE)--Dec. 12, 2003 Applebee's International, Inc. (Nasdaq:APPB APPB Array Processor with Pipelined Bus APPB Application Builder ) has declared an annual dividend of 7 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The dividend is payable January 23, 2004, to shareholders of record as of December 26, 2003. This is the company's 14th consecutive annual dividend and represents an increase of 17 percent over last year's dividend of 6 cents per share. In addition, the company's Board of Directors has authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: an additional repurchase of $80,000,000 of common stock, subject to market conditions, in addition to the $19.8 million which remains available under the company's existing stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. authorization. Applebee's International, Inc., headquartered in Overland Park, Kan., develops, franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar brand, the largest casual dining concept in the world. As of December 12, 2003, there were 1,575 Applebee's restaurants operating system-wide in 49 states and nine international countries. Additional information on Applebee's International can be found at the company's website (www.applebees.com). |
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