Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Wednesday, March 18th will be given a dividend of 0.19 per share by the restaurant operator on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 18th.
Dine Brands Global has decreased its dividend payment by an average of 0.1%per year over the last three years. Dine Brands Global has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.76 annual dividend with an expected future payout ratio of 13.2%.
Dine Brands Global Price Performance
DIN stock traded down $1.26 during midday trading on Friday, reaching $32.36. The company had a trading volume of 403,172 shares, compared to its average volume of 407,734. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $39.68. The stock has a 50 day moving average price of $34.66 and a 200-day moving average price of $28.90. The company has a market capitalization of $466.76 million, a price-to-earnings ratio of 14.45 and a beta of 0.97.
Dine Brands Global Company Profile
Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.
The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.
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