The Marcus Corporation Increases Quarterly Dividend
August 03 2023 - 2:42PM
Business Wire
Directors of The Marcus Corporation (NYSE: MCS) today declared a
regular quarterly cash dividend of $0.07 per share of common stock,
a 40% increase from the prior dividend rate of $0.05 per share of
common stock. The dividend will be paid September 15, 2023, to
shareholders of record on August 25, 2023.
“The Marcus Corporation has a long history of returning capital
to shareholders with 45 years of consecutive dividend payments
prior to the pandemic,” said Gregory S. Marcus, chairman, president
and chief executive officer of The Marcus Corporation. “While we
paused dividend payments during the pandemic, we reinstated the
quarterly cash dividend in the third quarter of fiscal 2022. Only a
year later, we are able to increase the cash dividend. This
underscores the confidence the Board of Directors has in both of
our businesses and our strong financial performance and honors our
long-standing commitment to returning value to our
shareholders.”
The Board of Directors also declared a dividend of $0.064 per
share on the Class B common stock. The dividend on the Class B
common stock, which is not publicly traded, will also be paid
September 15, 2023, to shareholders of record on August 25,
2023.
About The Marcus Corporation
Headquartered in Milwaukee, The Marcus Corporation is a leader in
the lodging and entertainment industries, with significant
company-owned real estate assets. The Marcus Corporation’s theatre
division, Marcus Theatres®, is the fourth largest theatre circuit
in the U.S. and currently owns or operates 1,027 screens at 82
locations in 17 states under the Marcus Theatres, Movie Tavern® by
Marcus and BistroPlex® brands. The company’s lodging division,
Marcus® Hotels & Resorts, owns and/or manages 16 hotels,
resorts and other properties in eight states. For more information,
please visit the company’s website at www.marcuscorp.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230803173837/en/
Thomas F. Kissinger (414) 905-1390
Marcus (NYSE:MCS)
Historical Stock Chart
From Apr 2024 to May 2024
Marcus (NYSE:MCS)
Historical Stock Chart
From May 2023 to May 2024