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Papa John’s has declared a quarterly dividend of $0.42 per common share, which will be payable on November 25, 2022, to shareholders of record by the close of business on November 14, 2022. This annualizes to $1.68 per share. The announcement highlights the company’s commitment to returning value to shareholders while maintaining a focus on quality ingredients in its pizza offerings, continuing their legacy as a prominent player in the pizza industry with over 5,500 locations worldwide.
Positive
Quarterly dividend of $0.42 per share indicates strong shareholder return.
Annual dividend rate of $1.68 demonstrates company confidence in financial stability.
Negative
None.
LOUISVILLE, Ky.--(BUSINESS WIRE)--
Papa John’s International, Inc. (NASDAQ: PZZA) today announced that the Board of Directors has declared a quarterly dividend of $0.42 per common share, payable November 25, 2022, to shareholders of record at the close of business on November 14, 2022. At this quarterly dividend rate, the annual dividend is equivalent to $1.68 per common share.
About Papa Johns
Papa John’s International, Inc. (NASDAQ: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with more than 5,500 restaurants in 49 countries and territories. For more information about the company or to order pizza online, visit www.PapaJohns.com or download the Papa Johns mobile app for iOS or Android.
Forward-Looking Statements
Certain matters discussed in this press release which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Part I. Item 1A. - Risk Factors” of the Annual Report on Form 10-K for the fiscal year ended December 26, 2021 and “Part II. Item 1A. - Risk Factors” of the Quarterly Report on Form 10-Q for the fiscal quarter ended March 27, 2022. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.
