Bob Evans Declares Quarterly Dividend

COLUMBUS, Ohio, Nov. 19, 2010 - Bob 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.

SOURCE Bob Evans Farms, Inc.

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