Dine Brands Global Inc (NYSE:DIN) to Issue $0.69 Quarterly Dividend

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Dine Brands Global Inc (NYSE:DIN) declared a quarterly dividend on Tuesday, May 14th, Wall Street Journal reports. Shareholders of record on Thursday, June 20th will be paid a dividend of 0.69 per share by the restaurant operator on Friday, July 12th. This represents a $2.76 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, June 19th.

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. Equities analysts expect Dine Brands Global to earn $7.91 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 34.9%.

Dine Brands Global stock traded up $0.74 during trading hours on Tuesday, hitting $98.54. The stock had a trading volume of 65,105 shares, compared to its average volume of 293,543. The company has a market capitalization of $1.73 billion, a PE ratio of 18.35 and a beta of 0.38. Dine Brands Global has a one year low of $65.63 and a one year high of $101.18. The business has a 50 day moving average of $90.90.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, beating the consensus estimate of $1.86 by $0.04. The firm had revenue of $237.18 million during the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The business’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. On average, sell-side analysts expect that Dine Brands Global will post 7.16 EPS for the current fiscal year.

Several research firms have commented on DIN. Wedbush reiterated a “buy” rating and issued a $135.00 target price on shares of Dine Brands Global in a research report on Tuesday, May 14th. Zacks Investment Research downgraded Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, Maxim Group restated a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $116.00.

In other news, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $89.16, for a total transaction of $35,664.00. Following the completion of the transaction, the director now directly owns 7,239 shares in the company, valued at $645,429.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by company insiders.

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About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Further Reading: Percentage Decliners

Dividend History for Dine Brands Global (NYSE:DIN)

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