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IHOP Corp. (Financial Briefs).(issues dividend)(Brief Article)

Nation's Restaurant News Daily NewsFax

| March 25, 2003 | COPYRIGHT 2003 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission. (Hide copyright information)Copyright

GLENDALE, Calif. -- IHOP CORP., after considering several financial alternatives, has decided to distribute cash to shareholders in the form of an initial dividend of 25 cents a share. The 1,103-unit family-dining chain said it plans to continue to pay a dividend to shareholders quarterly. In January IHOP said it would change to a traditional franchise-development business model from its previous strategy of financing franchisees' …

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