Sonic Declares Quarterly Dividend

OKLAHOMA CITY--(BUSINESS WIRE)--Sonic Corp. (NASDAQ:SONC), the nation's largest chain of drive-in restaurants, today announced that its Board of Directors declared a quarterly cash dividend of $0.16 per share of common stock to be paid to shareholders of record as of the close of business on February 7, 2018, with a payment date of February 16, 2018. In addition to the dividend, the company has a share repurchase authorization for up to $160 million of its common stock through August 31, 2018.

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