SOURCE: Carmike Cinemas, Inc.

May 20, 2005 12:54 ET

Carmike Cinemas Announces Cash Dividend

COLUMBUS, GA -- (MARKET WIRE) -- May 20, 2005 -- Carmike Cinemas, Inc. (NASDAQ: CKEC) (the "Company") announced today that its Board of Directors declared a dividend payable for the second quarter of 2005. The dividend of $0.175 per share is payable on August 1, 2005, to all stockholders of record as of July 5, 2005.

"We are pleased to continue our quarterly dividend payments to our investors," said Michael W. Patrick, Chairman of the Board, President and Chief Executive Officer of the Company.

The Company paid its first-ever dividend on August 2, 2004.

Carmike Cinemas, Inc. is a premiere motion picture exhibitor in the United States with 281 theatres and 2,187 screens in 36 states, as of March 31, 2005. Carmike's focus for its theatre locations is small to mid-sized communities with populations of fewer than 100,000. Carmike's common stock is traded on the Nasdaq National Market under the ticker symbol "CKEC". For more information visit Carmike's website, www.carmike.com.

Contact Information

  • Company Contact:
    Judy Russell
    Director of Investor and Public Relations
    706/576-2737