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Benzinga
Benzinga
Business
Shivani Kumaresan

Luby's Issues Cash Liquidating Distribution

  • Luby's Inc (NYSE:LUB) Board has declared a cash liquidating distribution of $0.50 per share, payable on March 28, 2022, to shareholders of record as of March 21, 2022.
  • The company will pay the liquidating distribution from the net proceeds from recent property sales.
  • The distribution follows an initial distribution of $2.00 per share paid on November 1, 2021.
  • Luby's has sold both its restaurant brands, Luby's Cafeterias and Fuddruckers, and has entered into a purchase agreement to sell its Luby's Culinary Contract Services business segment.
  • Price Action: LUB shares are trading higher by 0.72% at $2.81 on the last check Friday.
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