FRG - Dividend announcements

DELAWARE, Ohio, July 19, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that it has issued a notice of redemption (the "Redemption") for all outstanding shares of its 7.50% Series A Cumulative Perpetual Preferred Stock (CUSIP: 35180X204) (the "Preferred Stock"). The Company is redeeming the Preferred Stock in connection with the Company's previously announced merger (the "Merger") and pursuant to Parent's (as defined below) request in accordance with the terms and conditions of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 10, 2023, entered into by and among the Company, Freedom VCM, Inc., a Dela

DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company's Series A preferred stock on the close of business on March 31, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow

DELAWARE, Ohio, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about April 14, 2023 to holders of record of the Company's common stock on the close of business on March 31, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's b

BOSTON, Feb. 6, 2023 /PRNewswire/ -- Pathlight Capital LP ("Pathlight") is pleased to announce the closing of a $78.3MM upsize ("Upsize Facility") to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation ("Badcock" or the "Company"), one of the largest home-furnishing retailers in the country and subsidiary of Franchise Group, Inc (NASDAQ:FRG). The closing of the Upsize Facility on January 12, 2023, resul

DELAWARE, Ohio, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about January 17, 2023 to holders of record of the Company's common stock on the close of business on January 3, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group'

DELAWARE, Ohio, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about January 17, 2023 to holders of record of the Company's Series A preferred stock on the close of business on January 3, 2023. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash f

BOSTON, Oct. 18, 2022 /PRNewswire/ -- Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on a $148.2 million senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support the acquisition of a portfolio of performing receivables from W.S. Badcock Corporation ("Badcock"), one of the largest home-furnishing retailers in the Southeastern United States and a subsidiary of Franchise Group, Inc (NASDAQ:FRG). The facility, which matures in September 2027, allowed Badcock to monetize a pool o

DELAWARE, Ohio, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about October 14, 2022 to holders of record of the Company's Series A preferred stock on the close of business on September 30, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong c

DELAWARE, Ohio, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about October 14, 2022 to holders of record of the Company's common stock on the close of business on September 30, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Gro

DELAWARE, Ohio, June 06, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group") today announced that it has entered into a three week exclusive negotiation period to acquire Kohl's Corporation for $60.00 per share in cash. If Franchise Group and Kohl's Corporation enter into a definitive agreement, Franchise Group intends to contribute approximately $1 billion of capital to the transaction, all of which is expected to be funded through a corresponding increase in the size of its secured debt facilities. A majority of the financing for the transaction is anticipated to be provided on the basis of the real estate assets of Kohl's Corporation. Other than the increase

DELAWARE, Ohio, May 18, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that that its Board of Directors has approved a stock repurchase program under which the Company may repurchase up to $500 million of its outstanding shares of common stock over the next three years. "Franchise Group's strong financial results and growing cash generation have enabled us to routinely invest internally and externally in the business, while also paying healthy cash dividends to our shareholders," said Brian Kahn, President and CEO of Franchise Group. "As we have grown and our financial flexibility has expanded, we are excited to be able to

DELAWARE, Ohio, May 17, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about July 15, 2022 to holders of record of the Company's Series A preferred stock on the close of business on July 1, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for

DELAWARE, Ohio, May 17, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about July 15, 2022 to holders of record of the Company's common stock on the close of business on July 1, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's busin

DELAWARE, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 15, 2022 to holders of record of the Company's Series A preferred stock on the close of business on April 1, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow

DELAWARE, Ohio, Feb. 23, 2022 (GLOBE NEWSWIRE) --  Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about April 15, 2022 to holders of record of the Company's common stock on the close of business on April 1, 2022. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's b

DELAWARE, Ohio, Dec. 07, 2021 (GLOBE NEWSWIRE) -- In a release issued earlier today by Franchise Group, Inc. (NASDAQ:FRG), please note that in the headline and the first paragraph, the increase to the quarterly cash dividend should be 67%, rather than 40% as originally issued. The complete corrected release follows: Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a 67% increase to its quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about January 15, 2022 to holders of record of the Company's common stock on the close of business on December 31, 2021. About

DELAWARE, Ohio, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a 40% increase to its quarterly cash dividend to common stockholders of $0.625 per share. The cash dividend will be paid on or about January 15, 2022 to holders of record of the Company's common stock on the close of business on December 31, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its sharehol

DELAWARE, Ohio, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about January 15, 2022 to holders of record of the Company's Series A preferred stock on the close of business on December 31, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash

Board authorizes 150% increase in quarterly dividend to $0.15 per share New financing provides additional growth capital at attractive terms bebe stores, inc. (OTCQB:BEBE) (the "Company") today announced that it has entered into a credit agreement providing for a five-year senior secured term loan of $25 million with an additional drawdown capacity of up to $10 million from SLR Credit Solutions (formerly known as Crystal Financial). Proceeds of the financing were used to retire its existing secured term loan of $22 million and for additional growth capital purposes. In conjunction with the financing, the Company has also announced it has agreed to purchase eight additional Buddy's Home F

DELAWARE, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend to common stockholders of $0.375 per share. The cash dividend will be paid on or about October 15, 2021 to holders of record of the Company's common stock on the close of business on October 1, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group's bus

DELAWARE, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about October 15, 2021 to holders of record of the Company's Series A preferred stock on the close of business on October 1, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash

INCREASES ANNUAL GUIDANCE ORLANDO, Fla., May 06, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced the financial results of its fiscal 2021 first quarter. For the first quarter of fiscal 2021, total reported revenue for Franchise Group was $621.3 million, net loss from continuing operations was $(28.3) million or $(0.76) per share, Adjusted EBITDA was $79.2 million and Non-GAAP EPS was $0.90 per share. As previously disclosed, on February 21, 2021, the Company entered into a purchase agreement whereby Liberty Tax is expected to become part of NextPoint Acquisition Corp.'s diversified financial services platform and as such the

ORLANDO, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend to common stockholders of $0.375 per share. The cash dividend will be paid on or about July 15, 2021 to holders of record of the Company's common stock on the close of business on July 1, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophies to generate strong cash flow for its shareholders. Franchise Group's business

ORLANDO, Fla., May 04, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ:FRG) ("Franchise Group" or the "Company") today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about July 15, 2021 to holders of record of the Company's Series A preferred stock on the close of business on July 1, 2021. About Franchise Group, Inc.Franchise Group is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophies to generate strong cash flow fo

ORLANDO, Fla., March 10, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced the results of its fourth quarter and fiscal year ended December 26, 2020. For the fourth quarter of 2020, total reported revenue for Franchise Group was $496.3 million, net loss was $4.2 million or $0.12 per share, Adjusted EBITDA was $28.8 million and Supplemental Information encompassing cost synergies and other acquisition impacts was $5.2 million. For the full fiscal year 2020, total reported revenue for Franchise Group was $2.15 billion, net income was $25.1 million or $0.70 per share, and Adjusted EBITDA was $227.6 million with Supplemental In

ORLANDO, Fla., March 02, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about April 15, 2021 to holders of record of the Company’s Series A preferred stock on the close of business on March 31, 2021. About Franchise Group, Inc.Franchise Group is an operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its

ORLANDO, Fla., March 02, 2021 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that its Board of Directors approved a quarterly dividend to common stockholders of $0.375 per share. The cash dividend will be paid on or about April 15, 2021 to holders of record of the Company’s common stock on the close of business on March 31, 2021. About Franchise Group, Inc.Franchise Group is an operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise business lines include

ORLANDO, Fla., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that its Board of Directors approved a quarterly dividend of $0.46875 per share to Series A Cumulative Perpetual Preferred stockholders. The cash dividend will be paid on or about January 15, 2021 to holders of record of the Company’s Series A preferred stock on the close of business on December 31, 2020. About Franchise Group, Inc.Franchise Group is an operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for

· Increases Dividend by 50% Dividend of $0.375 per share to Common Stockholders to be paid on or about · January 8, 2021 to shareholders of record as of December 24, 2020 ORLANDO, Fla., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that its Board of Directors approved a quarterly dividend to common stockholders of $0.375 per share, an increase of 50% compared to each of the last four quarters. Brian Kahn, CEO of Franchise Group commented, “Our businesses have continued to generate strong free cash flow and have positive momentum heading into 2021. This increase in dividend moves us closer to our long-term goal