SAN DIEGO--(BUSINESS WIRE)--
Jack in the Box Inc. (NASDAQ: JACK) today announced that its Board of
Directors has approved the initiation of a regular quarterly cash
dividend. The initial quarterly cash dividend of $0.20 per share will be
paid on June 9, 2014, to shareholders of record as of May 27, 2014.
Future dividends will be subject to Board approval.
“The transformation of our business model for the Jack in the Box® brand
is nearly complete, resulting in more stable and predictable cash
flows,” said Lenny Comma, chairman and chief executive officer. “In
addition, in March we refinanced our credit facility, which provides us
with a flexible, longer-term capital structure to support our strategic
plan, including additional potential to return cash to shareholders.
“The initiation of a cash dividend, combined with our ongoing share
repurchase authorization, demonstrates our commitment to enhancing
shareholder value while simultaneously investing in the growth of both
Jack in the Box and Qdoba®,” concluded Comma.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant
company that operates and franchises Jack in the Box® restaurants, one
of the nation’s largest hamburger chains, with more than 2,250
restaurants in 21 states. Additionally, through a wholly owned
subsidiary, the company operates and franchises Qdoba Mexican Grill®, a
leader in fast-casual dining, with more than 600 restaurants in 46
states, the District of Columbia and Canada. For more information on
Jack in the Box and Qdoba, including franchising opportunities, visit www.jackinthebox.com
Jack in the Box Inc.
DiRaimo, (858) 571-2407
Luscomb, (858) 571-2291
Source: Jack in the Box Inc.