GLENDALE, CA, Apr 07, 2008 (MARKET WIRE via COMTEX News Network) -- IHOP Corp. (NYSE: IHP) today announced that its Board of Directors
declared a quarterly cash dividend of $0.25 per common share payable
May 20, 2008 to shareholders of record as of May 1, 2008. Future
dividend declarations will be made at the discretion of the Board of
Directors and will be based on such factors as the Company's
earnings, financial condition, cash requirements, future prospects
and other factors.
About IHOP Corp.
Glendale, California-based IHOP Corp. franchises and operates
restaurants under the International House of Pancakes, or IHOP, and
the Applebee's Neighborhood Grill & Bar brands. With more than 3,300
restaurants combined, IHOP Corp. is the largest full-service
restaurant company in the world. IHOP Corp.'s common stock is listed
on the NYSE under the symbol "IHP." For more information on IHOP
Corp., visit the Investor Relations section of the Company's Web site
located at www.ihop.com.
There are forward-looking statements contained in this news release.
They use such words as "may," "will," "expect," "believe," "plan," or
other similar terminology, and include statements regarding the
strategic and financial benefits of the acquisition of Applebee's
International, Inc., expectations regarding integration and cost
savings, and other financial guidance. These statements involve known
and unknown risks, uncertainties and other factors, which may cause
the actual results to be materially different than those expressed or
implied in such statements. These factors include, but are not
limited to: the implementation of the Company's strategic growth
plan; the availability of suitable locations and terms for the sites
designated for development; the ability of franchise developers to
fulfill their commitments to build new restaurants in the numbers and
time frames covered by their development agreements; legislation and
government regulation including the ability to obtain satisfactory
regulatory approvals; risks associated with executing the Company's
strategic plan for Applebee's; risks associated with the Company's
incurrence of significant indebtedness to finance the acquisition;
the failure to realize the synergies and other perceived advantages
resulting from the acquisition; costs and potential litigation
associated with the acquisition; the ability to retain key personnel
after the acquisition; conditions beyond the Company's control such
as weather, natural disasters, disease outbreaks, epidemics or
pandemics impacting the Company's customers or food supplies or acts
of war or terrorism; availability and cost of materials and labor;
cost and availability of capital; competition; continuing acceptance
of the International House of Pancakes and Applebee's brands and
concepts by guests and franchisees; the Company's overall marketing,
operational and financial performance; economic and political
conditions; adoption of new, or changes in, accounting policies and
practices; and other factors discussed from time to time in the
Company's news releases, public statements and/or filings with the
Securities and Exchange Commission, especially the "Risk Factors"
sections of Annual and Quarterly Reports on Forms 10-K and 10-Q, as
well as releases, statements and SEC filings by Applebee's
International, Inc. prior to its acquisition by the Company.
Forward-looking information is provided by IHOP Corp. pursuant to the
safe harbor established under the Private Securities Litigation
Reform Act of 1995 and should be evaluated in the context of these
factors. In addition, the Company disclaims any intent or obligation
to update these forward-looking statements.
Director, Investor Relations
SOURCE: IHOP Corp.