Frisch's Restaurants, Inc. Declares 8% Increase in its Quarterly Dividend
September 02 2009 - 11:38AM
PR Newswire (US)
CINCINNATI, Sept. 2 /PRNewswire-FirstCall/ -- Frisch's Restaurants,
Inc. (NYSE Amex: FRS), announced today that the Board of Directors
declared a $.13 per share quarterly dividend payable October 9,
2009 to shareholders of record at the close of business on
September 21, 2009. This represents a one cent per share, or 8%
increase, in the regular quarterly dividend rate, and will be the
195th consecutive quarterly dividend paid by Frisch's. The Company
has reported a profit every year since going public in 1960, and
paid cash dividends to shareholders every quarter over the same
period. Frisch's Restaurants, Inc. is a regional company that
operates full service family-style restaurants under the name of
Frisch's Big Boy. The Company owns the trademark "Frisch's" and has
exclusive, irrevocable ownership of the rights to the "Big Boy"
trademark, trade name and service mark in the states of Kentucky
and Indiana, and in most of Ohio and Tennessee. The Company also
licenses Big Boy restaurants to other operators in certain parts of
Ohio, Kentucky and Indiana. In addition, the Company operates grill
buffet-style restaurants under the name Golden Corral under certain
licensing agreements. Golden Corral restaurants currently operate
primarily in the greater metropolitan areas of Cincinnati,
Cleveland, Columbus, Dayton and Toledo, Ohio, Louisville, Kentucky
and Pittsburgh, Pennsylvania. DATASOURCE: Frisch's Restaurants,
Inc. CONTACT: Donald H. Walker, Vice President-Finance and CFO of
Frisch's Restaurants, Inc., +1-513-559-5202 Web Site:
http://www.frischs.com/
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