Restaurant operator Brinker International Inc.'s board of directors has authorized an additional $325 million share repurchase.
The company also said Wednesday its board of directors has declared a quarterly dividend of 14 cents per share.
The dividend will be paid on Dec. 30 to shareholders of record as of Dec. 10.
The company currently owns, operators or franchises 1,555 restaurants under Chili's Grill & Bar and Maggiano's Little Italy. It has a minority investment in Roman's Macaroni Grill.
Shares rose 20 cents to $18.95 in morning trading Thursday.
Copyright AP - Associated Press
