03-25-2020, 07:19 AM
TXRH suspends dividends and share buy backs.
CBRL defers rather than suspends their dividend, and suspends buy backs. They have some history of paying special dividends when the skies are blue so I don't consider them uninvestable at the right price.
No big surprises here. Almost all restaurants are going to have to cut Divs if they are prudent. Even the mighty MCD is going to feel some pressure if the virus spreads to many more states which is certainly possible.
CBRL defers rather than suspends their dividend, and suspends buy backs. They have some history of paying special dividends when the skies are blue so I don't consider them uninvestable at the right price.
No big surprises here. Almost all restaurants are going to have to cut Divs if they are prudent. Even the mighty MCD is going to feel some pressure if the virus spreads to many more states which is certainly possible.