Bob Evans Declares Quarterly Dividend

Bob Evans Declares Quarterly DividendBob Evans Farms, Inc. (Nasdaq: BOBE) today announced that its board of directors has approved a quarterly cash dividend of 20 cents per share on the company’s outstanding common stock. The dividend is payable on Dec. 13 to stockholders of record at the close of business on Nov. 29.

Bob Evans reduced its total debt by $17.9 million during the first half of fiscal 2011. The Company’s board of directors has previously authorized share repurchases of up to $25 million for fiscal 2011, which ends April 29, 2011. The Company repurchased 325,000 shares for a total of $8.9 million in the second quarter of fiscal 2011 and has repurchased 495,000 shares for a total of $13.3 million in the fiscal year to date.

Bob Evans Farms, Inc. owns and operates full-service restaurants under the Bob Evans and Mimi’s Café brand names. At the end of the second fiscal quarter (Oct. 29, 2010), Bob Evans owned and operated 569 family restaurants in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States, while Mimi’s Café owned and operated 145 casual restaurants located in 24 states, primarily in California and other western states. Bob Evans Farms, Inc. is also a leading producer and distributor of pork sausage and a variety of complementary homestyle convenience food items under the Bob Evans and Owens brand names.  For more information about Bob Evans Farms, Inc., visit www.bobevans.com.