CBRL Group, Inc. Announces 29% Increase in Quarterly Dividend.Board Authorizes Repurchase of up to 1 Million Shares LEBANON, Tenn. -- CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) Group, Inc. (Nasdaq: CBRL) today announced that its Board of Directors has increased the Company's quarterly dividend by 29%, declaring a regular quarterly dividend of $0.18 per share, an increase from the previous quarterly dividend of $0.14 per share. The dividend is payable on November 5, 2007 to shareholders of record on October 19, 2007. The Company also announced today that its Board of Directors has approved a stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program for up to 1,000,000 shares of its outstanding shares of common stock. There is no expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. on the repurchase authorization and repurchases may be made from time to time through open market purchases at management's discretion, including through implementation of share repurchase plans share repurchase plan A corporation's plan for buying back a predetermined number of its own shares in the open market. Institution of a share repurchase plan derives from management's view that the company has limited outside investment opportunities and pursuant to Rule 10b5-1 as promulgated prom·ul·gate tr.v. prom·ul·gat·ed, prom·ul·gat·ing, prom·ul·gates 1. To make known (a decree, for example) by public declaration; announce officially. See Synonyms at announce. 2. by the Securities and Exchange Commission. Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 564 Cracker Barrel Old Country Store([R]) restaurants and gift shops located in 41 states. CBRL-F |
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