2020-12-04 13:57:40 FRG Franchise Group
12/04/20 12/0413:57 12/04/2013:57 | Franchise Group jumps after boosting quarterly dividend by 50%Franchise Group last night announced that its board approved a quarterly dividend to common stockholders of 37.5 per share, an increase of 50% compared to each of the last four quarters. Brian Kahn, CEO of Franchise Group commented, "Our businesses have continued to generate strong free cash flow and have positive momentum heading into 2021. This increase in dividend moves us closer to our long-term goal of distributing 25% of Adjusted EBITDA in dividends to our common stockholders." The dividend will be paid on or about January 8, 2021 to holders of record of the company's common stock on the close of business on December 24. Shares of Franchise Group are up 8%, or $1.97, to $27.87 in afternoon trading. |
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ASE Technology reports Q1 EPS NT$1.28 vs. NT$1.30 last year »
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General Motors initiated with bullish view at Bernstein, here's why »
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Needham gets more bullish on Silicon Labs, upgrades shares »
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UDR just upgraded at UBS, here's why »
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Sherwin-Williams upgraded to Overweight on recent selloff at KeyBanc »
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HSBC upgrades UPS, says volumes and margins likely troughed »
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TTM Technologies opens first manufacturing facility in Penang »
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Meta Platforms price target lowered by $40 at Citi, here's why »
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Micron enters PMT for $6.1B in funding to support U.S. memory manufacturing »
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Meta Platforms price target lowered by $55 at Goldman Sachs, here's why »
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Calix just downgraded at Jefferies, here's why »
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Wells Fargo gets more bullish on Five Below, upgrades shares »
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Travel + Leisure price target raised by $4 at Barclays, here's why »
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Thermo Fisher price target raised by $25 at Barclays, here's why »
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TAL Education extends share repurchase program »
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Silicon Labs price target lowered by $20 at Barclays, here's why »
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Quest Diagnostics price target raised by $6 at Barclays, here's why »
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Earnings
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TAL Education reports Q4 EPS 8c, consensus 2c »
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Wedbush gets more bearish on First Industrial Realty, downgrades shares »
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PepsiCo price target raised by $1 at Barclays, here's why »
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