Burger King to repurchase up to $200 million of stock

by FoodBusinessNews.net Staff
Share This:

MIAMI — The board of directors for Burger King Holdings, Inc. has authorized the repurchase of up to $200 million of the company’s common stock. The share repurchases will be made in the open market from time to time prior to Dec. 31, 2010.

The company’s management will determine the amount and time of the repurchases, which will be funded from available cash. The share repurchases may be suspended or discontinued at any time. The company’s previous $100 million stock repurchase plan expired as of Dec. 31, 2008.

The board of directors also declared a quarterly dividend of 6.25c per share of common stock payable March 30 to shareholders of record at the close of business on March 16.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.