Marcus raises quarterly dividend 6.7% to 16c per share
Directors of The Marcus Corporation declared a regular quarterly cash dividend of 16c per share of common stock, a 6.7% increase from the prior dividend rate of 15c per share of common stock. The first dividend at the new rate will be paid March 15, 2019 to shareholders of record on March 4, 2019. "The dividend increase reflects our strong financial performance and ongoing commitment to increasing shareholder value. The increase in the cash dividend rate, combined with an increased number of shares outstanding, will result in an increase in total dividends paid of over 17% compared to the prior year. Our solid balance sheet enables us to return capital to shareholders through cash dividends and share repurchases, while at the same time continuing to invest in our two businesses and pursue additional growth opportunities, such as our recently completed Movie Tavern acquisition," said Stephen H. Marcus, chairman of The Marcus Corporation.