Meritage Announces 100% Increase Quarterly Common Stock Special Dividend

GRAND RAPIDS, Mich., Feb. 14, 2018 (GLOBE NEWSWIRE) — Meritage Hospitality Group, Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, today announced that the Company’s Board of Directors approved a special quarterly dividend of $0.04 per share at the February 13, 2018 Directors meeting. The dividend is payable on March 12, 2018, to shareholders of record on February 27, 2018.

“The Company recently reported record results for 2017 with sales growth of +32.6% and EBITDA growth of +42.7%. The $0.04 common stock special dividend represents a 100% increase over the first quarter last year and is consistent with our stated philosophy to reward shareholders commensurate with earnings growth. The Company recently released the 2018 Full-Year Outlook below, along with recent …

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