Bowling For Dividends

From a Bowl America filing with the SEC:

Memo from Leslie H. Goldberg, President, dated January 22, 2008, mailed to security holders of record January 10, 2008.

January 22, 2008

Dear Fellow Owners:

The enclosed third quarter dividend is being paid earlier than usual this year. Today is the 50th anniversary of the opening of the Shirley Tenpin Bowl - Bowl America's first center. We have, therefore, included a $.10 extra dividend as sort of a birthday present from us (it really is our money) to us.

Of equal importance, we have increased our regular quarterly dividend to $.15 per share. If business conditions warrant, this increase will make this year our 37th consecutive year of increased per share dividends. Our corporate objective remains to provide dividends that keep pace with inflation.

We are subject to the same pressures as every retail company. We are hopeful that the techniques we have learned in prior cutbacks in consumer discretionary spending will enable us to continue to deal with the problems that we see today.

HAPPY BIRTHDAY SHIRLEY!

By Dan Beyers  |  January 22, 2008; 3:13 PM ET
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