MIAMI (AP) -- Japanese-style and sushi restaurant operator Benihana Inc. said Tuesday that it will initiate quarterly dividends with a payment of 8 cents per share.
The dividend is payable Jan. 30 to shareholders as of Jan. 13.
The company said it plans to pay regular dividends, but the actual granting will be up to the board and depend on earnings, cash flow and other factors.
Benihana shares fell 3 cents to close at $10.20. They've ranged from $6.76 to $10.69 in the past year.
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