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News Breaks | | | | February 27, 2013 | | 08:02 EDT |  | DIN | DineEquity board approves $100M share repurchase program
DineEquity announced a capital allocation strategy that includes the approval by its Board of Directors of Q1 cash dividend of 75c per share of common stock. DineEquity’s Board of Directors today declared the dividend, payable on March 29 to the company’s shareholders of record as of the close of business on March 15. The Board of Directors also approved a $100M share repurchase authorization, effective immediately, which replaces the $45M share repurchase authorization previously announced by the company in August 2011. The company remains subject to certain mandatory debt reduction requirements related to capital leases and the annual amortization payment of $4.7M associated with the recently announced re-pricing of its senior secured credit facility. | |
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News For DIN From The Last 14 Days Check below for free stories on DIN the last two weeks. |
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| May 13, 2013 | | 16:27 EDT | | DIN | Scout Capital reports 6.6% stake in DineEquity
Scout Capital has engaged and expects to continue to engage in discussions with senior management of DineEquity with respect to the Issuer’s optimal capital structure, debt refinancing, timing and magnitude of share repurchases, management compensation metrics and merger and acquisition strategies, among other matters. | |
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