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Benzinga
Benzinga
Business
Shivani Kumaresan

European Wax Center Declares Special Dividend

  • European Wax Center Inc (NASDAQ:EWCZ) Board of Directors has declared a special cash dividend of $3.30 per share.
  • The dividend payment will be funded in part by the company’s business securitization, including $400 million of senior fixed-rate term notes.
  • The special cash dividend will be paid on May 6, 2022, to shareholders of record as of April 22, 2022.
  • Shareholders who sell their shares prior to April 21, 2022, the ex-dividend date, will also be selling their right to receive the special dividend. 
  • Price Action: EWCZ shares closed higher by 1.19% at $29.80 on Monday.
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