A Closer Look at Texas Roadhouse's Impressive Dividend
When Texas Roadhouse (NASDAQ: TXRH) reported fourth-quarter results last month, many investors probably noticed the company's strong fourth-quarter revenue and earnings-per-share growth. The casual-dining steakhouse's top and bottom lines both easily beat analysts' average expectations. Revenue jumped 20% year over year and earnings per share soared 45%.
But what some shareholders might have missed was management's shareholder-friendly moves to return capital to shareholders, including share repurchases and a dividend increase. Texas Roadhouse's dividend is especially becoming more applicable recently, now that the stock has fallen sharply amid concerns surrounding the coronavirus outbreak's potential impact on the restaurant industry. A lower share price, of course, means a higher dividend yield.
With Texas Roadhouse's dividend yield looking more attractive in light of the stock's 20% selloff since Feb. 21, here's a closer look at the dividend.
Source Fool.com
