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Ruth's Hospitality board approves initiation of dividend, repurchase program

The initial quarterly cash dividend of $0.04 per share will be paid to shareholders on May 30, 2013 to all common shareholders of record as of the close of business on May 16, 2013. Additionally, the company also announced that its Board of Directors has approved a share repurchase program under which it authorized the company at its discretion to repurchase up to $30M of its common shares outstanding.