Bob Evans declares 20 cents-per-share dividend

by Meat&Poultry Staff
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COLUMBUS, Ohio – Bob Evans Farms Inc.’s board of directors has approved a quarterly cash dividend of 20 cents per share on the company's outstanding common stock payable on Dec. 13 to stockholders of record at the close of business on Nov. 29.

During the first half of fiscal 2011, Bob Evans reduced its total debt by $17.9 million. Its board of directors has previously authorized share repurchases of up to $25 million for fiscal 2011, which ends April 29, 2011. The company repurchased 325,000 shares for a total of $8.9 million in the second quarter of fiscal 2011 and has repurchased 495,000 shares for a total of $13.3 million in the fiscal year to date.

Bob Evans Farms Inc. is a leading producer and distributor of pork sausage and a variety of complementary homestyle convenience food items under the Bob Evans and Owens brand names as well as a force in the foodservice industry.
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