Texas Roadhouse, Inc. Announces Quarterly Cash Dividend, Payable on June 4, 2021
April 29, 2021 at 04:03 pm EDT
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On April 28, 2021, Texas Roadhouse, Inc. announced that the Board of Directors reinstated the payment of a quarterly cash dividend of $0.40 per share of common stock. This payment will be distributed on June 4, 2021 to shareholders of record at the close of business on May 19, 2021. The Company most recently paid a quarterly cash dividend of $0.36 on March 27, 2020 which was subsequently suspended to preserve cashflow.
Texas Roadhouse, Inc. is a restaurant company, which operates predominately in the casual dining segment. The Company maintains three restaurant concepts operating as Texas Roadhouse, Bubbaâs 33 and Jaggers. Its Texas Roadhouse is a full-service, casual dining restaurant concept offering an assortment of specially seasoned and aged steaks hand-cut daily on the premises and cooked to order over open grills. Its Bubbaâs 33 is a full-service, casual dining restaurant concept featuring scratch-made food for all with a little rock 'n' roll, ice-cold beer, and signature drinks. Its Jaggers is a fast-casual restaurant concept offering burgers, hand-breaded chicken tenders and chicken sandwiches served with scratch-made sauces. Bubbaâs 33 restaurant consists of a freestanding building with approximately 7,600 square feet with seating for approximately 270 to 330 guests. It operates approximately 582 Texas Roadhouse restaurants, 45 as Bubbaâs 33 restaurants and eight as Jaggers restaurants.