Burger King board approves buyback plan

By: Associated Press
By: Associated Press

MIAMI (AP) - Burger King Holdings Inc. says its board of
directors has authorized the repurchase of up to $200 million of
the company's stock.

The nation's No. 2 hamburger chain said Friday that buybacks
will be made before Dec. 31, 2010 and will be funded with available
cash.

The company's previous $100 million stock buyback plan expired
as of Dec. 31.

Burger King also said its board of directors declared a
quarterly dividend of 6.25 cents per share. The dividend is payable
on March 30 to shareholders of record on March 16.


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