Dine Brands Global, Inc. (DIN) to Issue Quarterly Dividend of $0.51 on April 4th

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date is Monday, March 17th.

Dine Brands Global has increased its dividend payment by an average of 72.1% annually over the last three years. Dine Brands Global has a payout ratio of 37.5% 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 Stock Performance

Shares of DIN stock opened at $24.91 on Friday. Dine Brands Global has a 52-week low of $22.36 and a 52-week high of $48.39. The firm has a market capitalization of $379.90 million, a PE ratio of 4.14 and a beta of 1.86. The stock has a fifty day simple moving average of $27.35 and a two-hundred day simple moving average of $30.19.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The business had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 EPS. On average, sell-side analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein set a $26.00 price objective on Dine Brands Global in a research report on Thursday, March 6th. UBS Group cut their price objective on Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. KeyCorp cut their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Truist Financial cut their price objective on Dine Brands Global from $37.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Finally, Wedbush cut their price objective on Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.00.

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.