El Pollo Loco Board Of Directors Declares Special Dividend of $1.50 Per Share and Approves 20 Million Share Repurchase Program
COSTA MESA, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) -- El Pollo Loco, Inc. ("El Pollo Loco" or "the Company") (NASDAQ:LOCO), the nation's leading fire-grilled chicken restaurant chain, today announced that the Board of Directors declared a special dividend of $1.50 per share on the common stock of the Company ("shares"). The special dividend is payable on November 9, 2022 to shareholders of record at the close of business on October 24, 2022. Additionally, the Board of Directors has approved a new share repurchase program with authorization to purchase up to $20,000,000 of shares. The share repurchase program is effective immediately. Michael Maselli, Chairman of the Company board of dire
