Cracker Barrel Old Country Store, Inc. (CBRL) will reinstate its quarterly dividend in 2021 with a payment of $1.00 per share quarterly. In 2020 the restaurant and gift shop company suspended its quarterly dividend of $1.30 per share because of the COVID-19 pandemic. In 2019 the casual dining company last raised its quarterly dividend by 4.0 percent to $1.30 per share. Also a $3.00 per share special dividend was paid to shareholders two years ago.

The next dividend of $1.00 per share will be paid by CBRL to shareholders of record on July 16, 2021. The ex-dividend date is July 15, with a payment date of August 6, 2021. The new annual dividend rate of $4.00 per share will yield 2.5% at a stock price of $157.70 for Cracker Barrel.

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.