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Dividend
12 Months Ended
Nov. 24, 2019
Dividends [Abstract]  
DIVIDEND
DIVIDEND
The Company paid two cash dividends totaling $113.9 million on its common stock in 2019. The first dividend was $55.0 million paid in the first quarter and the second dividend was $58.9 million paid in the fourth quarter. In 2018, two cash dividends totaling $90.0 million were paid of $45.0 million each in the first and fourth quarters of the year. In 2017, two cash dividends totaling $70.0 million were paid of $35.0 million each in the first and fourth quarters of the year. Subsequent to the Company's year end, the Board declared a cash dividend of $0.08 per share to holders of record of its Class A and Class B common stock, at the close of business on February 12, 2020. Total dividends are expected to be in the range of $130 million for fiscal 2020 and to be paid out quarterly.
The Company does not have an established annual dividend policy. The Company will continue to review its ability to pay cash dividends on an ongoing basis and dividends may be declared at the discretion of the Board depending upon, among other factors, the Company's financial condition and compliance with the terms of the Company's debt agreements.