SPARTANBURG, S.C. (AP) -- Denny's Corp. announced an authorization Friday that will allow the company to buy up to an additional six million shares of its stock.
As of Thursday, the Spartanburg, S.C., restaurant chain had about 1.6 million shares remaining in its current six million share stock buyback program approved in April.
The new buyback represents about 6.2 percent of the about 96.2 million shares of common stock Denny's had outstanding as of April 27.
In morning trading, Denny's shares rose 3 cents to $4.07.
