MILWAUKEE--(BUSINESS WIRE)--Directors of The Marcus Corporation (NYSE:MCS) today declared a regular quarterly cash dividend of $0.17 per share of common stock, a 6.3% increase from the prior dividend rate of $0.16 per share of common stock. The first dividend at the new rate will be paid March 16, 2020 to shareholders of record on March 2, 2020.
“The dividend increase reflects our solid financial performance and ongoing commitment to increasing shareholder value,” said Stephen H. Marcus, chairman of The Marcus Corporation. “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 additional growth opportunities.”
The Board of Directors also declared a dividend of $0.1545 per share of the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid March 16, 2020 to shareholders of record on March 2, 2020.
About The Marcus Corporation
Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation’s theatre division, Marcus Theatres®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 1,110 screens at 91 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlexSM brands. The company’s lodging division, Marcus® Hotels & Resorts, owns and/or manages 20 hotels, resorts and other properties in eight states. For more information, please visit the company’s website at www.marcuscorp.com.