Dine Brands Global Inc (NYSE:DIN) announced a quarterly dividend on Friday, February 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, March 20th will be given a dividend of 0.69 per share by the restaurant operator on Friday, April 5th. This represents a $2.76 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Dine Brands Global’s previous quarterly dividend of $0.63.
Dine Brands Global has decreased its dividend payment by an average of 6.5% per year over the last three years. Dine Brands Global has a dividend payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 34.7%.
NYSE:DIN opened at $86.98 on Monday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 16.20 and a beta of 0.52. Dine Brands Global has a fifty-two week low of $61.89 and a fifty-two week high of $101.18.
Dine Brands Global (NYSE:DIN) last released its earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.13. The business had revenue of $174.60 million during the quarter, compared to the consensus estimate of $197.28 million. Dine Brands Global had a net margin of 10.29% and a negative return on equity of 45.41%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities research analysts forecast that Dine Brands Global will post 7.16 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Wedbush reissued an “outperform” rating and set a $135.00 target price on shares of Dine Brands Global in a research report on Friday, February 22nd. They noted that the move was a valuation call. Maxim Group reissued a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, January 9th. Finally, ValuEngine raised shares of Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $115.75.
In other news, SVP Bryan R. Adel sold 6,990 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $99.50, for a total transaction of $695,505.00. Following the completion of the sale, the senior vice president now owns 23,397 shares of the company’s stock, valued at approximately $2,328,001.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry Alan Kay sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $99.00, for a total transaction of $69,300.00. Following the sale, the director now directly owns 6,684 shares of the company’s stock, valued at approximately $661,716. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,496 shares of company stock valued at $2,110,338. Insiders own 2.75% of the company’s stock.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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