Dine Brands Global, Inc. (NYSE:DIN) Plans Quarterly Dividend of $0.19

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Thursday, May 14th. Investors of record on Wednesday, June 24th will be given a dividend of 0.19 per share by the restaurant operator on Friday, July 10th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 24th.

Dine Brands Global has raised its dividend by an average of 0.2%per year over the last three years. Dine Brands Global has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dine Brands Global to earn $5.22 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 14.6%.

Dine Brands Global Stock Up 8.7%

Shares of DIN traded up $2.48 during trading on Thursday, reaching $31.13. The company’s stock had a trading volume of 698,120 shares, compared to its average volume of 419,948. The company has a fifty day moving average of $28.03 and a two-hundred day moving average of $30.58. Dine Brands Global has a twelve month low of $19.58 and a twelve month high of $39.68. The company has a market cap of $395.04 million, a price-to-earnings ratio of 30.82 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, equities analysts forecast that Dine Brands Global will post 4.62 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the sale, the director directly owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Douglas M. Pasquale bought 2,000 shares of Dine Brands Global stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $28.25 per share, with a total value of $56,500.00. Following the completion of the acquisition, the director owned 31,469 shares of the company’s stock, valued at $888,999.25. The trade was a 6.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 6,000 shares of company stock valued at $173,310 in the last ninety days. Company insiders own 6.73% of the company’s stock.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at about $9,099,000. Millennium Management LLC lifted its holdings in shares of Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $4,175,000. 4D Advisors LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at about $4,339,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Dine Brands Global during the 4th quarter valued at about $3,567,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

About Dine Brands Global

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.