CBRL Group, Inc. Announces Quarterly Cash Dividend; Board Approves 3.0 Million Share Stock Buyback.LEBANON, Tenn.--(BUSINESS WIRE)--Feb. 26, 1999--CBRL Group, Inc. (Nasdaq/NNM:CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) ) today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.005 per share. This represents an indicated annual dividend rate of $0.02 per share. The dividend is payable March 26, 1999, to shareholders of record as of March 12, 1999. The Company also announced that the Board of Directors has authorized the repurchase of up to 3.0 million shares of CBRL Group's common stock. The purchases are to be made from time to time in the open market at prevailing market prices. This is the second stock repurchase plan stock repurchase plan 1. See buyback. 2. See self-tender. approved by the Board. As of January 31, 1999, 2.1 million shares of the 3.0 million authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. under the first stock repurchase plan announced on September 9, 1998, have been purchased. The Company had approximately 61.3 million shares outstanding as of January 31, 1999. Headquartered in Lebanon, Tennessee
Lebanon is a city in Wilson County, Tennessee, in the United States. The population was 20,235 at the 2000 census. , CBRL Group, Inc. currently operates 383 Cracker Barrel This article is about the restaurant-and-store chain. For the unrelated company marketing cheeses bearing the "Cracker Barrel" trademark, see Kraft Foods. Cracker Barrel Old Country Store, Inc. Old Country Store(R) locations in 36 states, two Carmine's Gourmet Markets located in Florida and 44 company-owned and five franchised Logan's Roadhouse(R) restaurants located in 12 states. |
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