Cracker Barrel Old Country Store, Inc. (CBRL) will raise its dividend by 30 percent to the pre-pandemic level of $1.30 per share. The restaurant company reinstated its quarterly dividend in 2021 with a payment of $1.00 per share. 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 CBRL had 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 in 2019.
The next CBRL dividend of $1.30 per share will be paid by to shareholders of record on November 9, 2021. The ex-dividend date for Cracker Barrel is October 21, with a record date of October 22, 2021. The new annual dividend rate of $5.20 per share will yield 3.9% at a stock price of $135 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.