The Wendy’s Company (WEN) To Go Ex-Dividend on September 1st

The Wendy’s Company (NASDAQ:WEN) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.07 per share by the restaurant operator on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 1st.

Wendy’s has raised its dividend payment by an average of 0.2%annually over the last three years. Wendy’s has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wendy’s to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 56.0%.

Wendy’s Stock Up 5.8%

WEN stock opened at $8.27 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.88 and a debt-to-equity ratio of 27.95. The firm has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $7.46. The company has a market capitalization of $1.58 billion, a P/E ratio of 12.53, a PEG ratio of 0.68 and a beta of 0.37. Wendy’s has a twelve month low of $6.07 and a twelve month high of $10.62.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Friday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $570.57 million for the quarter, compared to analysts’ expectations of $557.13 million. Wendy’s had a net margin of 5.72% and a return on equity of 115.31%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, equities research analysts predict that Wendy’s will post 0.5 earnings per share for the current fiscal year.

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.