The Wendy's Company Announces Regular Quarterly Cash Dividend Of $0.12 Per Share

DUBLIN, Ohio, Feb. 20, 2020 // PRNewswire // - The Wendy's Company (Nasdaq: WEN) today announced the declaration of its regular quarterly cash dividend of $0.12 per share, payable on March 16, 2020, to shareholders of record as of March 2, 2020.

The approximate number of common shares outstanding as of February 18, 2020 was 223.7 million.

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, "Quality is our Recipe®," which remains the guidepost of the Wendy's system. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert.

The Wendy's Company (Nasdaq: WEN) is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company's support of the Dave Thomas Foundation for Adoption® and its signature Wendy's Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy's and its franchisees employ hundreds of thousands of people across more than 6,700 restaurants worldwide with a vision of becoming the world's most thriving and beloved restaurant brand.

There can be no assurance that any additional regular quarterly cash dividends will be declared or paid after the date hereof, or of the amount or timing of such dividends, if any. Future dividend payments, if any, are subject to applicable law, will be made at the discretion of the Board of Directors and will be based on factors such as The Wendy's Company's earnings, financial condition and cash requirements and other factors.