Papa John's International Inc. announced that the board of directors has declared a quarterly dividend of $0.125 per common share, payable Feb. 21, to shareholders of record at the close of business on Feb. 10. According to a news release, at this quarterly dividend rate, the annual dividend is equivalent to $0.50 per common share.

This is the first dividend payable following the recently approved two-for-one split of the company's common stock. The amount of the dividend was adjusted as a result of the stock split and is equivalent to the $0.25 per share regular quarterly dividend declared in the third and fourth quarters of 2013 prior to the split.

The chain issued its first quarterly cash dividend in September.

Read more about operations management.

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