090306 Burger King to Repurchase Some StockMarch 9, 2009
Burger King said its board of directors has authorized the repurchase of up to $200 million of the company's common stock.
Purchases, which will be funded from available cash, will be made periodically in the open market prior to Dec. 31, 2010. Management will determine the amount and timing of the repurchases.
The company's previous $100 million stock repurchase plan expired on Dec. 31, 2008.
Burger King also on Friday announced a quarterly dividend of 6.25 cents per share of common stock. The dividend is payable on March 30 to shareholders of record as of March 16.