Sonic: Vice President Of Investor Relations

The following excerpt is from the company's SEC filing.

and Treasurer

(405) 225-4800 

SONIC DECLARES QUARTERLY DIVIDEND

OKLAHOMA CITY (January 19, 2017) -- Sonic Corp. (NASDAQ:SONC), the nation's largest chain of drive-in restaurants, today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share of common stock to be paid to shareholders of record as of the close of business on February 8, 2017, with a payment date of February 17, 2017. In addition to the dividend, the company has a share repurchase authorization for up to $173 million of its common stock through August 31, 2017.

Future declaration of quar terly dividends and the establishment of future record and payment dates are subject to the final determination of the company's Board of Directors.

About Sonic

SONIC, America's Drive-In is the nation's largest drive-in restaurant chain serving approximately 3 million customers every day. More than 90 percent of SONIC's 3,500 drive-in locations are owned and operated by local business men and women. For more than 60 years, SONIC has delighted guests with signature menu items, 1.3 million drink combinations and friendly service by iconic Carhops. Since the 2009 launch of SONIC's Limeades for Learning campaign in partnership with DonorsChoose.org, SONIC has donated $7.4 million to public school teacher’s classrooms nationwide to fund essential learning materials and innovative teaching resources to inspire creativity and learning in their students. To learn more about Sonic Corp. (NASDAQ/NM: SONC), please visit

sonicdrivein.com

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. To learn more about SONIC's Limeades for Learning initiative, please visit

LimeadesforLearning.com

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those expressed in, or underlying, these forward-looking statements are detailed in the company’s annual and quarterly report filings with the Securities and Exchange Commission. The company undertakes no obligation to publicly release revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events, except as required to be reported under the rules and regulations of the Securities and Exchange Commission.

SONC-F

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Sonic Reports Solid Same-Store Sales Momentum IN THE FOURTH FISCAL QUARTER OF 2018 - Sept. 11, 2018
Sonic Corp.'s Chief Executive Officer just disposed of 54,630 shares - Sept. 6, 2018
Sonic Corp. director just disposed of 3,500 shares - Sept. 6, 2018
Sonic Corp.'s Executive Vice President just picked up 7,065 shares - Sept. 4, 2018
Sonic Corp.'s President just picked up 10,000 shares - Sept. 4, 2018

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