Burger King said it would pay a cash dividend to its shareholders on Tuesday, a move that was expected to bolster the company’s finances.
Burger King also announced a new food truck lineup and said it will raise an additional $100m to finance expansion plans.
Burger, the fourth-largest U.S. hamburger chain, said it planned to use the cash to fund a range of capital projects, including its new food trucks, as well as pay dividends to its current shareholders.
Burger’s stock, which has risen by nearly 10% over the past year, was trading at $37.10 at the close of trading in New York.
“This dividend is a significant cash infusion to our shareholders, who are also our primary customers,” Chief Executive Bill Johnston said in a statement.
“It reflects the belief that our business model will continue to thrive as we continue to innovate and grow.”
The dividend is not tied to Burger King’s earnings per share, which have not been updated for months.
Burger said it expected to earn $3.65 per share on $7.7 billion in revenue for the year ended March 31.
The company also said it was reducing its dividend for 2016.
Burger is a pioneer in the fast-casual dining sector, which is growing rapidly and has become a favorite of millennials.
The restaurant chain has been investing in its own food trucks and expanding its portfolio of specialty and fast-food restaurants.
The announcement comes as other companies in the food industry are also expanding their offerings and expanding their profits.
McDonald’s Corp., which owns Carl’s Jr. and Hardee’s franchises, said Tuesday it would begin rolling out a line of chicken burritos and burgers.