Dividend Increase and Special Dividend – CBRL

Cracker Barrel Old Country Store, Inc (CBRL) released their results this morning and reported great results with increase in revenue and profits. Revenue increased by over 6% YoY. It also reported over 5% increase in same store sales. The company also increased their full year forecast. The stock is up more than 4% today after the results.

In addition to that, it announced a new quarterly dividend of $1.10 up from the current dividend of $1.00. This represents a 10% increase. The new dividend is payable on August 5th with a ex-div date of July 15th. The new dividend represents a yield of 3.00% based on current price. I hold 15 shares and this increases by projected annual dividends by $6.00, from $60.00 to $66.00.

The company also announced a special dividend of $3.00 to be paid along with the quarterly dividend. This should provide a boost of $45.00 to my dividend income this year.

2 thoughts on “Dividend Increase and Special Dividend – CBRL

  1. Congrats! I think it’s time you take that special dividend to one of the stores and enjoy an awesome breakfast…mmm CBRL…. Good stuff 🙂

    • Haha…. Thanks Ryan. I was surprised with the special dividend announcement. My CBRL investment has been really nice with the stock up over 30% in about a year with a YOC of over 4%. I am hoping that it continues to perform great.

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