NEW ALBANY, Ohio, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Bob Evans Farms, Inc. (Nasdaq:BOBE) today announced its board of directors approved a quarterly cash dividend of $0.31 per share on the company's outstanding common stock. The dividend is payable on September 22, 2014, to stockholders of record at the close of business on September 8, 2014.
Furthermore, the board of directors approved an increase of the Company's current $100 million share repurchase authorization to up to $150 million, and extended the authorization's expiration date to the end of fiscal year 2016.
About Bob Evans Farms, Inc.
Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans Restaurants brand name. At the end of the fourth fiscal quarter (April 25, 2014), Bob Evans Restaurants owned and operated 561 family restaurants in 19 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States. Bob Evans Farms, Inc., through its BEF Foods segment, is also a leading producer and distributor of refrigerated side dishes, pork sausage and a variety of refrigerated and frozen convenience food items under the Bob Evans and Owens brand names. For more information about Bob Evans Farms, Inc., visit www.bobevans.com.