Cracker Barrel Old Country Store, Inc. (CBRL) will raise its quarterly dividend by 4.0 percent to $1.30 per share. Also a $3.00 per share special dividend will be paid to shareholders. This is the company’s fifth special dividend declaration in as many years.

The quarterly dividend is payable on August 5, 2019 to shareholders of record on July 19, 2019. The special dividend will be payable on August 2, 2019 to shareholders of record on July 19, 2019. A new regular annual dividend rate of $5.20 yields 3.2% at Monday’s closing price of $161.05.

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. The company had been paying a dividend to shareholders every year since 1982 prior to the dividend suspension announced in 2020.