Cracker Barrel raises dividend
Cracker Barrel raised its quarterly dividend 60 percent on Thursday, as the Lebanon-based restaurant chain reported growing store traffic and improved sales in the first three months of the year.
The Board of Directors of Cracker Barrel Old Country Store yesterday adopted a shareholder rights plan with a 20% triggering threshold and a qualifying offer exception and declared a dividend distribution of one preferred share purchase right on each outstanding share of Cracker Barrel common stock.