Darden Restaurants, Inc., (NYSE: DRI) announces 1st quarter financial results
 announces 1st quarter financial results)
Darden Restaurants, Inc. (DRI) stock price showed weak performance of -5.17% in last seven days, switched down -0.76% in last thirty days and it rose 35.91% in last one year.
It has 123.86 million of outstanding shares and its shares float measured at 123.83.
Darden Restaurants, Inc., (NYSE: DRI) stated its financial results for the first quarter ended August 26, 2018.
Dividend Reported
Darden’s Board of Directors reported a regular quarterly cash dividend of $0.75 per share on the Company’s outstanding ordinary stock. The dividend is payable on November 1, 2018 to shareholders of record at the close of business on October 10, 2018.
Share Repurchase Program
During the quarter, the Company repurchased about 0.3M shares of its ordinary stock for a total cost of about $31M. As of the end of the fiscal first quarter, the Company had about $480M remaining under the current $500M repurchase authorization.
Updated Fiscal 2019 Financial Outlook
The Company increased its financial outlook for Fiscal 2019 based on year-to-date results and its predictable performance for the remainder of the year.
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