Frisch’s Restaurants, Inc. (FRS) declared a $0.13 dividend, up 8% or $0.01 from the previous quarter. The company has paid a dividend for 195 consecutive quarters, starting with its first quarter as a public company in 1960. The dividend is payable on October 9, 2009 to shareholders of record on September 21.
Frisch’s Restaurants reported net income of $2.9 million, or $0.56 per share, in its fourth fiscal quarter that ended 6/2/2009. Revenues were $71 million, down 4% from the same quarter of 2008. Same store sales were up 4% in the quarter.
Frisch’s Restaurants, Inc. operates a chain of restaurants under the Frischâ€™s Big Boy brand name, all of which are located in Ohio, Kentucky and Indiana. The company also operates grill buffet style restaurants under the name Golden Corral.
As of June 2, 2009, the company operated 35 Golden Corral restaurants and 114 Big Boy restaurants. Eighty-eight of the Big Boy restaurants are company-owned and 26 are franchised.