Dine Brands Global, Inc. Plans Quarterly Dividend of $0.51 (NYSE:DIN)

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 7.91%. The ex-dividend date of this dividend is Monday, March 17th.

Dine Brands Global has raised its dividend by an average of 72.1% annually over the last three years. Dine Brands Global has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dine Brands Global to earn $5.77 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 35.4%.

Dine Brands Global Trading Down 2.8 %

Dine Brands Global stock opened at $25.80 on Friday. Dine Brands Global has a 12 month low of $25.67 and a 12 month high of $51.35. The business’s 50 day simple moving average is $28.84 and its 200 day simple moving average is $30.83. The company has a market cap of $393.27 million, a price-to-earnings ratio of 4.29 and a beta of 1.75.

Analyst Ratings Changes

Several research firms recently commented on DIN. UBS Group reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Barclays restated an “equal weight” rating and set a $32.00 target price (down previously from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. Piper Sandler dropped their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Finally, KeyCorp dropped their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus price target of $41.29.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.