DUBLIN, OH (StLouisRestaurantReview) The Wendy’s Company (NASDAQ: WEN) announced today that its Board of Directors had authorized a 29 percent increase in the quarterly cash dividend rate from $0.07 to $0.09 per share.  The increase will be effective with the next quarterly dividend payment, which is payable on March 15, 2021, to shareholders of record as of March 5, 2021.  The approximate number of common shares outstanding as of February 19, 2021, was 223.9 million.

“We are pleased to announce a 29 percent increase in our quarterly dividend,” said President and Chief Executive Officer Todd Penegor.  “Our strong liquidity position, along with the momentum we see in our business, supports this increase while still allowing us to invest in accelerated growth which remains our number one priority.”