EX-Dividend Schedule: Texas Roadhouse Announced a 19% Dividend Hike; Will Trade Ex-Dividend on March 13, 2018

LONDON, UK / ACCESSWIRE / March 12, 2018 / Active-Investors has a free review on Texas Roadhouse, Inc. (NASDAQ: TXRH) following the Company's announcement that it will begin trading ex-dividend on March 13, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 12, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TXRH:

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Dividend Declared

On February 16, 2018, Texas Roadhouse's Board of Directors authorized the payment of a quarterly cash dividend of $0.25 per share of common stock. This payment, which will be distributed on March 29, 2018, to shareholders of record at the close of business on March 14, 2018, which represents a 19.0% increase from the cash dividend of $0.21 per share of common stock declared during each quarter of 2017.

Texas Roadhouse's indicated dividend represents a yield of 1.73% compared to the average dividend yield of 1.99% for the Services sector. Since the inception of the Company's dividend program in 2011, Texas Roadhouse's cash dividend per share of common stock has increased an average of 17.6% per year.

Dividend Insight

Texas Roadhouse has a dividend payout ratio of 42.4%, which indicates that the Company spends approximately $0.42 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Texas Roadhouse is forecasted to report earnings of $2.68 for the next year, which is more than double compared to the Company's annualized dividend of $1.00 per share.

Texas Roadhouse's net cash provided by operating activities was $286.4 million in FY17 compared to $257.1 million in FY16. The increase was primarily due to an increase in net income and non-cash items such as depreciation and amortization (D&A) expense along with an increase in working capital. As on December 26, 2017, the Company's cash and cash equivalents totaled $150.92 million compared to $112.94 million as on December 27, 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Texas Roadhouse, Inc.

Texas Roadhouse, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The Company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of February 20, 2018, it owned and operated approximately 550 restaurants. Texas Roadhouse was founded in 1993 and is based in Louisville, Kentucky.

Stock Performance Snapshot

March 09, 2018 - At Friday's closing bell, Texas Roadhouse's stock marginally advanced 0.90%, ending the trading session at $58.35.

Volume traded for the day: 716.43 thousand shares.

Stock performance in the last month – up 2.95%; previous three-month period – up 13.19%; past twelve-month period – up 41.56%; and year-to-date – up 10.76%

After last Friday's close, Texas Roadhouse's market cap was at $4.13 billion.

Price to Earnings (P/E) ratio was at 32.49.

The stock has a dividend yield of 1.71%.

The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 1.6% at the end of the session.

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