Cheesecake Factory Declares $0.30 Quarterly Dividend
The Cheesecake Factory Incorporated (NASDAQ: CAKE), a casual dining restaurant operator, announced a quarterly cash dividend of $0.30 per share. The board approved the payment on February 12, 2026.
The Cheesecake Factory Incorporated (NASDAQ: CAKE), a casual dining restaurant operator, announced a quarterly cash dividend of $0.30 per share. The board of directors approved the payment on February 12, 2026. Read more dividend announcements.
Shareholders of record as of the close of business on March 4, 2026 will receive the dividend on March 17, 2026. The company noted that future dividend decisions remain at the board's discretion and will depend on operating performance and other factors.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.30 |
| Record Date | March 4, 2026 |
| Payment Date | March 17, 2026 |
| Declaration Date | February 12, 2026 |
Share Repurchase Program Expanded
On the same day, the board approved an increase of 5.0 million shares to the company's existing repurchase program, raising total authorization to 66.0 million shares. Approximately 6.0 million shares remain available for repurchase following the increase.
The repurchase program has no expiration date and does not require the company to buy a specific number of shares. The board may modify, suspend or terminate the program at any time.
Fiscal 2025 Performance
The company reported fiscal 2025 results alongside the dividend announcement. Net income totaled $148 million, down 5% from the prior year. Diluted earnings per share came in at $3.06, a 4% decline.
Adjusted EBITDA reached $354 million, up 8% year-over-year. The company operated 371 restaurants at year-end, up from 348 locations in the prior year. The company repurchased $154 million worth of shares during fiscal 2025.
Fiscal 2026 Outlook
Management targets consolidated sales of approximately $3.9 billion for fiscal 2026. The company expects net income margin of approximately 5% at that sales level and plans to open as many as 26 new restaurants across its portfolio of concepts.
Capital expenditures are projected at approximately $210 million. The company plans comparable sales growth of 1% to 2% and average unit volumes of approximately $12.5 million for Cheesecake Factory locations.