Shares of Wendy’s Co. rose in Thursday’s extended session after the fast-food company said it will raise its quarterly dividend by 21% to 8.5 cents. The dividend will be paid on March 15 to shareholders of record as of March 1. The board also approved a stock buyback plan of up to $175 million that will expire in March 2019. Wendy’s shares gained 1.8% after hours.
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