Domino's Orders Up a Dividend

It says the new structure is for the best.
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Domino's Pizza (DPZ) - Get Report completed a refinancing and declared a $13.50-a-share special dividend.

The company said it closed a $1.85 billion securitized debt facility and set plans to buy back up to $200 million in stock.

"We believe this new capital structure is the appropriate corporate finance decision for our company," said CEO David Brandon. "We expect the $13.50 per share dividend will trigger a near-term corresponding decrease in our stock price. However, our plan going forward will be to provide a strong operating environment for our system of stores, which will deliver significant upside growth potential for our franchisees, team members and shareholders."