Wendy's/Arby's Group ramps up stock buyback program

Atlanta-based Wendy's/Arby's Group, the parent company of Wendy's International and Arby's Restaurant Group, has increased the authorized amount of its common stock repurchase program to $200 million. That's an increase of $100 million from the amount reported in November.

The company also said it would pay its regular quarterly cash dividend of one and half cents per share, payable on March 15, 2010 to stockholders of record.