The Marcus Corporation Increases Quarterly Dividend

  The Marcus Corporation Increases Quarterly Dividend

Business Wire

MILWAUKEE -- April 8, 2014

Directors of The Marcus Corporation (NYSE:MCS) today declared a regular
quarterly cash dividend of $0.095 per share of common stock, an 11.8% increase
from the prior dividend rate of $0.085 per share of common stock. The first
dividend at the new rate will be paid May 15, 2014 to shareholders of record
on April 25, 2014.

“The dividend increase reflects our confidence in our future and our
commitment to increase shareholder value. Our strong balance sheet enables us
to return capital to shareholders through cash dividends and share
repurchases, while at the same time continuing to invest in our two businesses
and pursue future growth opportunities,” said Stephen H. Marcus, chairman of
The Marcus Corporation.

The Board of Directors also declared a dividend of $0.08636 per share on the
Class B common stock. The dividend on the Class B common stock, which is not
publicly traded, will also be paid May 15, 2014 to shareholders of record on
April 25, 2014.

About The Marcus Corporation

Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is a leader in
the lodging and entertainment industries, with significant company-owned real
estate assets. The Marcus Corporation’s theatre division, Marcus Theatres^®,
currently owns or manages 685 screens at 55 locations in Wisconsin, Illinois,
Iowa, Minnesota, Nebraska, North Dakota and Ohio. The company’s lodging
division, Marcus^® Hotels & Resorts, owns and/or manages 18 hotels, resorts
and other properties in 10 states. For more information, please visit the
company’s website at www.marcuscorp.com.

Certain matters discussed in this press release are “forward-looking
statements” intended to qualify for the safe harbors from liability
established by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements may generally be identified as such because the
context of such statements include words such as we “believe,” “anticipate,”
“expect” or words of similar import. Similarly, statements that describe our
future plans, objectives or goals are also forward-looking statements. Such
forward-looking statements are subject to certain risks and uncertainties
which may cause results to differ materially from those expected, including,
but not limited to, the following: (1) the availability, in terms of both
quantity and audience appeal, of motion pictures for our theatre division, as
well as other industry dynamics such as the maintenance of a suitable window
between the date such motion pictures are released in theatres and the date
they are released to other distribution channels; (2) the effects of
increasing depreciation expenses, reduced operating profits during major
property renovations, and preopening and start-up costs due to the capital
intensive nature of our businesses; (3) the effects of adverse economic
conditions in our markets, particularly with respect to our hotels and resorts
division; (4) the effects of adverse weather conditions, particularly during
the winter in the Midwest and in our other markets; (5) the effects on our
occupancy and room rates of the relative industry supply of available rooms at
comparable lodging facilities in our markets; (6) the effects of competitive
conditions in our markets; (7) our ability to identify properties to acquire,
develop and/or manage and the continuing availability of funds for such
development; and (8) the adverse impact on business and consumer spending on
travel, leisure and entertainment resulting from terrorist attacks in the
United States or incidents such as the tragedy in a movie theatre in Colorado.
Shareholders, potential investors and other readers are urged to consider
these factors carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking statements. The
forward-looking statements made herein are made only as of the date of this
press release and we undertake no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.

Contact:

The Marcus Corporation
Thomas F. Kissinger
(414) 905-1390
 
Press spacebar to pause and continue. Press esc to stop.