The Wendy’s Company (NASDAQ:WEN – Get Free Report) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.14 per share by the restaurant operator on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, June 1st.
Wendy’s has raised its dividend by an average of 0.2%per year over the last three years. Wendy’s has a payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wendy’s to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 88.9%.
Wendy’s Price Performance
Shares of WEN opened at $7.70 on Friday. Wendy’s has a 1-year low of $6.37 and a 1-year high of $12.51. The stock has a market cap of $1.47 billion, a PE ratio of 9.87, a P/E/G ratio of 0.54 and a beta of 0.35. The firm has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $7.75. The company has a debt-to-equity ratio of 29.25, a current ratio of 1.83 and a quick ratio of 1.81.
Analyst Ratings Changes
WEN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wendy’s in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $8.00 target price on shares of Wendy’s in a research note on Tuesday, February 17th. UBS Group cut their target price on shares of Wendy’s from $8.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 17th. BMO Capital Markets cut their target price on shares of Wendy’s from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, May 11th. Finally, Evercore set a $8.00 target price on shares of Wendy’s in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Wendy’s has an average rating of “Reduce” and an average price target of $8.56.
Get Our Latest Report on Wendy’s
Wendy’s Company Profile
The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.
Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.
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