08:04 AM EDT, 06/20/2025 (MT Newswires) -- Darden Restaurants ( DRI ) said Friday its board has increased its quarterly cash dividend by 7.1% from the previous quarter to $1.50 per share.

The latest dividend will be paid Aug. 1 to shareholders of record on July 10.

The company also recently announced that its board authorized a new share repurchase program of up to $1 billion of its common shares.

During the quarter, the company said it had repurchased 200,000 shares for $51 million.

Shares of the company were up by over 4% in recent Friday premarket activity.

Price: 232.50, Change: +9.75, Percent Change: +4.38