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Domino's dividend delivery may pressure others, analysts say.(News)(Dominos Pizza Inc.)(Statistical data)
Crain's Detroit Business, April, 2007 by Snavely, Brent
Byline: Brent Snavely In the eyes of Wall Street, Dominos Pizza Inc. delivered last week. On Tuesday Ann Arbor-based Domino's (NYSE: DPZ) announced the completion of a $1.85 billion asset-backed loan agreement, said it would pay out about $200 million through a special dividend of $13.50 a share and also said it plans to repurchase about $200 million of stock.
The dividend is payable May 4 to shareholders of record as of this Friday. Wall Street loved the moves and said Domino's has set the shareholder-friendly standard so high that its actions may pressure other publicly traded food and restaurant companies to follow its example. "This is a management team that looks like they are acting in the best interest of its shareholders,'' said Mark Kalinowski,...
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