CINCINNATI, Sept. 12, 2013 /PRNewswire/ -- Frisch's
Restaurants, Inc. (NYSE MKT: FRS) announced today that the Board of
Directors declared a $0.18 per share
quarterly dividend payable October 10,
2013 to shareholders of record at the close of business on
September 26, 2013. This represents
an increase of two cents per share,
or 12.5%, in the regular quarterly dividend rate, and will be the
211th consecutive quarterly dividend paid by Frisch's. The Company
has reported a profit every year since going public in 1960, and
paid cash dividends to shareholders every quarter over the same
period.
Craig F. Maier, President and
Chief Executive Officer, said, "The Board of Directors has elected
to increase the quarterly dividend as a vote of confidence in the
Company's future. We value our shareholders' investment in Frisch's
and are pleased to share our financial success through the
dividend."
About Frisch's Restaurants, Inc.
Frisch's is a regional company that operates full service
family-style restaurants under the name "Frisch's Big Boy."
All Big Boy restaurants are currently located in various regions of
Ohio, Kentucky and Indiana.
The Company owns the trademark "Frisch's" and has exclusive,
irrevocable ownership of the rights to the "Big Boy" trademark,
trade name and service marks in the states of Kentucky and Indiana, and in most of Ohio and Tennessee. All of the Frisch's
Big Boy restaurants also offer "drive-thru" service. The
Company also licenses Big Boy restaurants to other operators,
currently in certain parts of Ohio, Kentucky and Indiana.
SOURCE Frisch's Restaurants, Inc.