Marcus Corp. on Tuesday declared a quarterly cash dividend
on common stock of 9.5 cents a share.
According to a company statement, that’s an 11.8 percent
increase from its prior rate of 8.5 cents. The first
dividend at the new rate will be paid May 15 to shareholders
of record on April 25.
"The dividend increase reflects our confidence in our future
and our commitment to increase shareholder value," said
Stephen H. Marcus, company chairman. ”Our strong balance
sheet enables us to return capital to shareholders through
cash dividends and share repurchases, while at the same time
continuing to invest in our two businesses and pursue future
Milwaukee-based Marcus operates hotel and theaters. Marcus
Theatres currently owns or manages 685 screens at 55
locations in Wisconsin, Illinois, Iowa, Minnesota, Nebraska,
North Dakota and Ohio. The company’s lodging division,
Marcus Hotels & Resorts, owns or manages 18 hotels, resorts
and other properties in 10 states.