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Company Contact:
Donald H. Walker Bill Roberts, CTC
Vice President-Finance and CFO (937) 434-2700
Frisch's Restaurants, Inc. Ken Paneral, CTC
(513) 559-5202 (847) 729-8521
Frisch's Restaurants, Inc.
Declares 158th Consecutive Quarterly Dividend
And Adds to Stock Repurchase Program
FOR IMMEDIATE RELEASE
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Cincinnati, OH--June 6, 2000--Frisch's Restaurants, Inc. (Amex:FRS), today
announced that the Board of Directors has declared an $.08 per share quarterly
dividend payable July 10, 2000 to shareholders of record at the close of
business on June 26, 2000. This will be the 158th consecutive quarterly dividend
paid by Frisch's.
The Company also announced that the Board of Directors has approved an
additional repurchase of up to 300,000 shares of its common stock. Today's
approval supplements the board's previous authorizations to purchase up to
700,000 shares. To date, 665,406 shares have already been purchased. Purchases
will be made on the open market or through block trades from time to time until
the authorization expires on October 5, 2000.
Frisch's Restaurants, Inc. operates 88 family-style restaurants under the name
of Frisch's Big Boy in Indiana, Kentucky and Ohio and licenses another 37
restaurants to other Big Boy operators. The Company owns and operates five
Golden Corral restaurants in greater Cincinnati, with plans to develop 20 more
in the Cincinnati, Louisville and Dayton markets. The Company will also operate
(until they are sold) two high-rise hotels with banquet facilities and dining
rooms in metropolitan Cincinnati. Frisch's has recorded positive net earnings
for all 39 years the Company has been public.
