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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Friday, June 20th will be given a dividend of 0.51 per share by the restaurant operator on Wednesday, July 9th. This represents a $2.04 annualized dividend and a dividend yield of 8.27%.

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 dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. 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 Up 0.1%

Shares of NYSE:DIN opened at $24.68 on Thursday. The firm has a market cap of $385.65 million, a price-to-earnings ratio of 4.11 and a beta of 1.11. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $45.69. The company’s fifty day simple moving average is $22.21 and its 200 day simple moving average is $27.35.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.15). The firm had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 EPS. Research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIN. Barclays upped their price target on Dine Brands Global from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. UBS Group reduced their target price on shares of Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price target on shares of Dine Brands Global in a research note on Thursday, March 6th. Wedbush cut their price target on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, Truist Financial decreased their price objective on Dine Brands Global from $27.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.29.

Dine Brands Global Company Profile

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.