IHOP Corp. Declares Quarterly Dividend
April 07 2008 - 4:00PM
Marketwired
GLENDALE, CA today announced that its Board of Directors
declared a quarterly cash dividend of $0.25 per common share
payable May 20, 2008 to shareholders of record as of May 1, 2008.
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.
Glendale, California-based IHOP Corp. franchises and operates
restaurants under the International House of Pancakes, or IHOP, and
the Applebee's Neighborhood Grill & Bar brands. With more than
3,300 restaurants combined, IHOP Corp. is the largest full-service
restaurant company in the world. IHOP Corp.'s common stock is
listed on the NYSE under the symbol "IHP." For more information on
IHOP Corp., visit the Investor Relations section of 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,"
"plan," or other similar terminology, and include statements
regarding the strategic and financial benefits of the acquisition
of Applebee's International, Inc., expectations regarding
integration and cost savings, and other financial guidance. 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: the implementation of the
Company's strategic growth plan; the availability of suitable
locations and terms for the sites designated for development; the
ability of franchise developers to fulfill their commitments to
build new restaurants in the numbers and time frames covered by
their development agreements; legislation and government regulation
including the ability to obtain satisfactory regulatory approvals;
risks associated with executing the Company's strategic plan for
Applebee's; risks associated with the Company's incurrence of
significant indebtedness to finance the acquisition; the failure to
realize the synergies and other perceived advantages resulting from
the acquisition; costs and potential litigation associated with the
acquisition; the ability to retain key personnel after the
acquisition; conditions beyond the Company's control such as
weather, natural disasters, disease outbreaks, epidemics or
pandemics impacting the Company's customers or food supplies 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 and Applebee's
brands 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 news releases, public statements
and/or filings with the Securities and Exchange Commission,
especially the "Risk Factors" sections of Annual and Quarterly
Reports on Forms 10-K and 10-Q, as well as releases, statements and
SEC filings by Applebee's International, Inc. prior to its
acquisition by the Company. Forward-looking information is provided
by IHOP Corp. 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.
Stacy Roughan Director, Investor Relations IHOP Corp.
818-637-3632
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