IHOP Corp. Declares Quarterly Dividend
July 11 2005 - 7:00AM
Business Wire
IHOP Corp. (NYSE:IHP) today announced that its Board of Directors
declared a quarterly cash dividend of $0.25 per common share
payable August 23, 2005 to shareholders of record as of August 1,
2005. Future dividend declarations will be made at the discretion
of the Board of Directors and will be based on such factors as the
Company's earnings, financial condition, cash requirements, future
prospects and other factors. About IHOP Corp. The IHOP family
restaurant chain has been serving a wide variety of breakfast,
lunch and dinner selections for more than 45 years. Offering more
than 16 types of pancakes as well as omelettes, breakfast
specialties, burgers, sandwiches, chicken and steaks, IHOP's
diverse menu appeals to people of all ages. IHOP restaurants are
franchised and operated by Glendale, California based IHOP Corp. As
of March 31, 2005, the end of IHOP's first quarter, there were
1,198 IHOP restaurants in 48 states and Canada. IHOP Corp. common
stock is listed and traded on the New York Stock Exchange under the
symbol "IHP." For more information, call the Company's headquarters
at (818) 240-6055 or visit the Company's Web site located at
www.ihop.com. Forward-Looking Statements There are forward-looking
statements contained in this news release. They use such words as
"may," "will," "expect," "believe," "anticipate," "plan," or other
similar terminology. These statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results to be materially different than those expressed or implied
in such statements. These factors include, but are not limited to:
risks associated with the implementation of the Company's strategic
growth plan, the availability of suitable locations and terms of
the sites designated for development; the ability of franchise
developers to fulfill their commitments to build new IHOP
restaurants in the numbers and time frames covered by their
development agreements; the ability of the Company to franchise its
remaining Company-operated restaurants; legislation and government
regulation including the ability to obtain satisfactory regulatory
approvals; conditions beyond the Company's control such as weather,
natural disasters or acts of war or terrorism; availability and
cost of materials and labor; cost and availability of capital;
competition; continuing acceptance of the International House of
Pancakes brand and concepts by guests and franchisees; the
Company's overall marketing, operational and financial performance;
economic and political conditions; adoption of new, or changes in,
accounting policies and practices; and other factors discussed from
time to time in the Company's filings with the Securities and
Exchange Commission. Forward-looking information is provided by
IHOP pursuant to the safe harbor established under the Private
Securities Litigation Reform Act of 1995 and should be evaluated in
the context of these factors. In addition, the Company disclaims
any intent or obligation to update these forward-looking
statements.
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