ClubCorp Announces Increase in Its Quarterly Cash Dividend by 8%
Posted: December 3, 2014 in Chains
ClubCorp – The World Leader In Private Clubs
DALLAS, TX – ClubCorp – The World Leader in Private Clubs (NYSE: MYCC) today announced its Board of Directors has approved an 8% increase to its quarterly dividend. The increase will result in an annual cash dividend of $0.52 per share from $0.48 per share today. As a result, the Board of Directors has declared the Company’s next quarterly cash dividend of $0.13 per share will be payable on January 15, 2015 to all common stockholders of record at the close of business on January 2, 2015.
Eric Affeldt, President and Chief Executive Officer said, “Today’s dividend announcement reflects the board’s confidence in ClubCorp’s strategy. It reinforces the board’s ongoing commitment to create value by allocating capital to reinvention and acquisition growth opportunities while returning cash to ClubCorp’s stockholders.”
