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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Arcos Dorados Announces Stock Dividend Distribution

June 30, 2021 GMT

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Jun 30, 2021--

Arcos Dorados Holdings, Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today announced that it will distribute a stock dividend for 2021.

Maintaining its commitment to provide shareholders a return in 2021, on June 30 the Board of Directors approved a stock dividend distribution to all Class A and Class B shareholders. On July 23, 2021, the Company will distribute a dividend of one (1) share for every seventy (70) shares held by its shareholders of record at the close of business on July 14, 2021. The Company will pay cash in lieu of any fractional shares and will use the Class A shares’ closing price on the New York Stock Exchange on July 13, 2021 to calculate the cash payment.

About Arcos Dorados

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Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories with more than 2,200 restaurants, operated by the Company or by its sub-franchisees, that together employ over 100 thousand people (as of 3/31/2021). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Scale for Good to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir

View source version on businesswire.com:https://www.businesswire.com/news/home/20210630005952/en/

CONTACT: Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@ar.mcd.comMedia Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy

KEYWORD: SOUTH AMERICA URUGUAY

INDUSTRY KEYWORD: RETAIL RESTAURANT/BAR FOOD/BEVERAGE

SOURCE: Arcos Dorados Holdings, Inc.

Copyright Business Wire 2021.

PUB: 06/30/2021 04:05 PM/DISC: 06/30/2021 04:06 PM

http://www.businesswire.com/news/home/20210630005952/en