Marcus Corp. increases quarterly dividend

Special to The Freeman

April 8, 2014

MILWAUKEE – 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 growth opportunities."

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.