LOUISVILLE, Ky.--(BUSINESS WIRE)--
On December 10, 2012, Texas Roadhouse, Inc.'s (Nasdaq: TXRH) Board of
Directors authorized the payment of a special year-end cash dividend of
$0.10 per share of common stock payable on December 28, 2012 to
shareholders of record at the close of business on December 21, 2012.
This special year-end dividend is in addition to the Company's
previously announced quarterly cash dividend of $0.09 per share of
common stock also payable on December 28, 2012 to shareholders of record
at the close of business on December 12, 2012.
"This special year-end dividend reflects our solid financial performance
and underscores the commitment to return excess capital to our
shareholders in an efficient manner", said Kent Taylor, Chief Executive
Officer of Texas Roadhouse. "Our balance sheet remains strong and we
expect our cash flow to continue to internally fund our new restaurant
growth. As such, we, and our Board of Directors, remain committed to
returning excess capital to shareholders through dividends and
opportunistic share repurchases."
About the Company
Texas Roadhouse is a casual dining concept that first opened in 1993 and
today operates over 385 restaurants system-wide in 47 states and one
foreign country. For more information, please visit the Company's Web
site at www.texasroadhouse.com.
Forward-looking Statements
Certain statements in this release that are not historical facts,
including, without limitation, those relating to our anticipated
financial performance, are forward-looking statements that involve risks
and uncertainties. Such statements are based upon the current beliefs
and expectations of the management of the Company. Actual results may
vary materially from those contained in forward-looking statements based
on a number of factors including, without limitation, the actual number
of restaurants opening, the sales at these and our other company and
franchise restaurants, changes in restaurant development or operating
costs, such as food and labor, our ability to acquire franchise
restaurants, our ability to integrate the franchise restaurants we
acquire or other concepts we develop, strength of consumer spending,
pending or future legal claims, conditions beyond the Company's control
such as weather, natural disasters, disease outbreaks, epidemics or
pandemics impacting the Company's customers or food supplies, acts of
war or terrorism and other factors disclosed from time to time in the
Company's filings with the U.S. Securities and Exchange Commission.
Investors should take such risks into account when making investment
decisions. Stockholders and other readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date on which they are made. The Company undertakes no obligation
to update any forward-looking statements.
Texas Roadhouse, Inc.
Investor Relations
Tonya Robinson,
502-515-7300
Media
Travis Doster, 502-638-5457
Source: Texas Roadhouse, Inc.
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