CINCINNATI, Nov. 13 /PRNewswire-FirstCall/ -- Frisch's Restaurants, Inc. (AMEX:FRS), announced today that the Board of Directors declared a $.12 per share quarterly dividend payable January 10, 2008 to shareholders of record at the close of business on December 26, 2007. This represents a one cent per share, or 9% increase, in the regular quarterly dividend rate, and will be the 188th 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 increase in our dividend rate indicates our Board's confidence in the quality of our restaurants and our commitment to continue to increase shareholder value." Frisch's Restaurants, Inc. is a regional company that operates full service family-style restaurants under the name of Frisch's Big Boy. The Company owns the trademark "Frisch's" and has exclusive, irrevocable ownership of the rights to the "Big Boy" trademark, trade name and service mark in the states of Kentucky and Indiana, and in most of Ohio and Tennessee. The Company also licenses Big Boy restaurants to other operators in certain parts of Ohio, Kentucky and Indiana.
In addition, the Company operates grill buffet-style restaurants under the name Golden Corral under certain licensing agreements. Golden Corral restaurants currently operate primarily in the greater metropolitan areas of Cincinnati, Columbus, Dayton, Toledo and Cleveland, Ohio, Louisville, Kentucky and Pittsburgh, Pennsylvania. The Company has development rights to expand the Golden Corral operation into markets in northern Indiana and southern Michigan. DATASOURCE: Frisch's Restaurants, Inc.
CONTACT: Donald H. Walker, Vice President-Finance and CFO of Frisch's Restaurants, Inc., +1-513-559-5202 Web site: http://www.frischs.com/
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