shares rose 3.4% in Friday trading after the chicken-sandwich-and-burger chain raised its dividend and announced third-quarter same-restaurant sales that beat expectations. Wendy’s hosted its investor day on Friday. Wendy’s 20% dividend increase goes into effect with the next quarterly payment, which is payable on December 16, 2019 to shareholders of record as of December 2, 2019. The dividend hike brings the payout to 12 cents per share from 10 cents per share. For the third quarter, Wendy’s says global systemwide sales rose 5.7%. North America same-store sales were up 4.4%, ahead of the 2.4% growth FactSet guidance. For fiscal 2020, Wendy’s expects global systemwide sales of about $12.0 billion to $12.5 billion. Wendy’s stock has gained 32.5% for the year to date while the S&P 500 index
is up 18.8% for the period.
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