The Dynamic Dividend

Texas Roadhouse’s First Dividend Hike Lifts Yield Over 2%

Texas Roadhouse (TXRH), which initiated its dividend last year, raised its payout for the first time after today’s closing bell.

The owner/operator/franchisor of the restaurant chain of the same name declared a quarterly dividend of $0.09 per share within its fourth quarter earnings release, which is a 12.5% improvement over the $0.08 per share it had paid each of the previous four quarters.

Shares of TXRH closed today’s session trading at $16.30, where they now feature a 2.21% dividend yield. The stock is up more than 9% already this year, and adding to those gains during extended action.