dividend
confidence high
sentiment positive
materiality 0.80
El Pollo Loco declares $1.50 special dividend and $20M buyback program
El Pollo Loco Holdings, Inc.
- Special dividend of $1.50 per share payable Nov 9, 2022 to holders of record Oct 24, 2022.
- Board authorized $20M share repurchase program effective immediately, expiring March 28, 2024.
- Chairman cites strong balance sheet, low leverage, and positive cash flow outlook.
- Outstanding stock options will be adjusted by reducing exercise price by dividend amount.