SONIC CORP. (NASDAQ:SONC) Files An 8-K Other Events


SONIC CORP. (NASDAQ:SONC) Files An 8-K Other Events
Item 8.01. Other Events.

On April 20, 2017, the Company issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $.14 per share in respect of the Company’s common stock. The dividend is payable on May 19, 2017 to shareholders of record as of the close of business on May 10, 2017. The press release is attached as exhibit 99.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99 Press Release, dated April 20, 2017.


Sonic Corp. operates and franchises the chain of drive-thru restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2016, 3,557 Sonic Drive-Ins were in operation from coast to coast in 45 states, consisting of 345 Company drive-thrus and 3,212 franchise drive-thrus. As of August 31, 2016, its restaurant design and construction consisted of a kitchen housed in a one-story building, which was approximately 1,500 square feet, flanked by canopy-covered rows of 16 to 24 parking spaces, with each space having its own payment terminal, intercom speaker system and menu board. At a Sonic Drive-In, a customer drives into one of the parking spaces, orders through the intercom speaker system and has the food delivered by a carhop and Sonic Drive-Ins also include a drive-thru lane and patio seating to provide customers with alternative dining options. Its food items include specialty drinks, such as cherry limeades and slushes, ice cream desserts and chicken sandwiches and hamburgers.

SONIC CORP. (NASDAQ:SONC) Recent Trading Information

SONIC CORP. (NASDAQ:SONC) closed its last trading session up +0.50 at 24.78 with 1,003,190 shares trading hands.

An ad to help with our costs