Wingstop Inc. announced that its Board of Directors has approved a special cash dividend of $3.17 per share to stockholders in conjunction with the company closing on a new $250 million senior secured credit facility. The special cash dividend represents approximately 7% of Wingstop's total market capitalization. The new senior secured credit facility replaces the existing June 2016 senior secured credit facility.

The special cash dividend will be paid on February 14, 2018 to stockholders of record as of February 9, 2018. Wingstop's common stock will begin trading on an ex-dividend basis on February 8, 2018. Stockholders who sell their shares prior to the February 8, 2018 ex-dividend date will also be selling their right to receive the special dividend.