Bloomin’ Brands announces 24c quarterly cash dividend

On February 7 our Board of Directors declared a quarterly cash dividend of 24c per share, payable on March 15, to stockholders of record at the close of business on March 1. Through February 15, 2023, we repurchased 6 million shares for a total of $124 million under our existing share repurchase authorization. On February 7, 2023, our Board of Directors approved a new $125 million authorization that will expire on August 7, 2024. "The 71% increase in our dividend as well as our new $125 million share repurchase authorization reflects our confidence in the strength of our cash flows," said Chris Meyer, CFO. "Importantly, we continue to generate ample cash flow that will fund investments in our people and ongoing growth initiatives."