Jersey Mike’s (NYSE:JMKE) to Issue Special Dividend of $0.35

Jersey Mike’s (NYSE:JMKE) announced a special dividend on Monday, October 26th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.35 per share on Thursday, November 19th. The ex-dividend date is Thursday, November 5th.

Jersey Mike’s Stock Up 3.0%

Shares of NYSE:JMKE opened at $18.85 on Tuesday. The stock’s 50 day moving average is $18.92. Jersey Mike’s has a one year low of $15.96 and a one year high of $24.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.82 and a current ratio of 1.82.

Jersey Mike’s (NYSE:JMKE) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The firm had revenue of $209.00 million during the quarter. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts expect that Jersey Mike’s will post 0.65 earnings per share for the current year.

Jersey Mike’s Company Profile

Jersey Mike’s, commonly known as Jersey Mike’s Subs, is a fast-casual restaurant company focused on submarine sandwiches and related food offerings. Its menu includes hot and cold subs, wraps, salads, beverages and desserts, with catering services also available at many locations.

The business operates primarily through a franchise-based model under the Jersey Mike’s Subs brand. Restaurants are known for preparing sandwiches to order, including sliced meats and cheeses, fresh vegetables and the company’s signature “Mike’s Way” preparation.

Jersey Mike’s traces its roots to 1956, when the original submarine shop opened in Point Pleasant, New Jersey.