Cracker Barrel Authorizes New Share Repurchase Program

Cracker Barrel Old Country Store Inc. shares are up 0.2% in Monday premarket trading after the store-and-restaurant chain announced a new share repurchase program worth up to $25 million. The new program is effective immediately and replaces the previous program. Cracker Barrel also declared a regular quarterly dividend of $1.15 per share payable on Nov. 7, 2016 to shareholders of record on Oct. 14. Cracker Barrel shares are up nearly 9% for the year so far while the S&P 500 Index is up almost 6% for the same period.