Wingstop Inc. said late Tuesday its board of directors has approved a special cash dividend of $3.17 a share in conjunction with the company closing on a new $250 million senior secured credit facility. The special cash dividend represents about 7% of Wingstop’s market capitalization, the company said in a statement. The special cash dividend will be paid on Feb. 14 to stockholders of record as of Feb. 9. Wingstop shares rose 0.4% in the late session, matching the share increase at the close of the regular trading day.
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