Cracker Barrel’s Dividend Growth Makes It A Long-Term Buy

Cracker Barrel Old Country Store, Inc. (CBRL) is an American casual restaurant that focuses on rural locations. During my research I identified the stock as one that has paid an annual special dividend since 2015. In addition, the company pays an increasing regular dividend for the past 17 years. This combination has made the stock attractive for many dividend growth investors and those seeking income. However, Cracker Barrel is facing some challenges now including negative comparable restaurant traffic and negative comparable retails sales. In addition, the company is seeking to extends its success into two other restaurant concepts. Cracker Barrel has managed to increase revenue due to price increases and new store openings, but the persistent traffic declines are of concern. But still the dividend growth and annual special dividend should make this a stock a long-term buy at the right price.

Please read the complete article at Seeking Alpha.

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