Cracker Barrel Old Country Store (CBRL) will raise its quarterly dividend by 4.5 percent to $1.15 per share in 2016. Also a $3.25 per share special cash dividend will be paid by Cracker Barrel Old Country Store.

CBRL announced that its Board of Directors increased the quarterly dividend to $1.15 per share. The quarterly dividend is payable on August 5, 2016 to shareholders of record on July 15, 2016.

The Board of Directors also declared a special dividend of $3.25 per share, payable on July 29, 2016 to shareholders of record on July 15, 2016.

Commenting on the quarterly and special dividend, Ms. Cochran said, "We believe the increase in our quarterly dividend and the decision to declare a special dividend reflects our Board's commitment to a balanced approach to capital allocation, and to an ongoing assessment of our financial results, capital investment and liquidity needs, and our ability to deliver total shareholder return."      

Cracker Barrel Old Country Store, Inc. operates company-owned Cracker Barrel Old Country Stores in The United States. The company provides a friendly home-away-from-home in its old country store and restaurant. Cracker Barrel also owns the fast-casual Holler and Dash restaurants. The company is headquartered in Lebanon, Tennessee and was originally founded in 1969.