Papa Johns Announces Quarterly Dividend

Papa John’s International, Inc. (NASDAQ: PZZA) today announced
that the Board of Directors has declared a quarterly dividend of $0.225
per common share, payable August 24, 2018, to shareholders of record at
the close of business on August 13, 2018. At this quarterly dividend
rate, the annual dividend is equivalent to $0.90 per common share.

Forward-Looking Statements

Certain matters discussed in this press release which are not historical
facts are “forward-looking statements” that involve risks and
uncertainties. For a discussion of such risks and uncertainties, which
could cause actual results to differ from those contained in the
forward-looking statements, see “Part I. Item 1A. – Risk Factors” of the
Annual Report on Form 10-K for the fiscal year ended December 31, 2017.
We undertake no obligation to update publicly any forward-looking
statements, whether as a result of future events, new information or

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