WICHITA, Kansas, Jan. 9, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. (Nasdaq:STAR), "Lone Star" announced that the Board of Directors increased the Company's quarterly cash dividend 20% to $.15 per share. The dividend is payable February 1, 2002 to shareholders of record on January 18, 2002.
Jamie B. Coulter, Chief Executive Officer, said, "We are pleased that our consistently strong cashflow and balance sheet allows us to increase the dividend at this time."
Lone Star owns and operates Lone Star Steakhouse & Saloon restaurants; Sullivan's Steakhouse restaurants; and Del Frisco's Double Eagle Steak House restaurants.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate.