Wingstop Inc. (NASDAQ:WING) to Issue Dividend Increase – $0.33 Per Share

Wingstop Inc. (NASDAQ:WING) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Saturday, August 15th will be paid a dividend of 0.33 per share by the restaurant operator on Saturday, September 5th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a 10.0% increase from Wingstop’s previous quarterly dividend of $0.30.

Wingstop has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 7 years. Wingstop has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wingstop to earn $5.52 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.7%.

Wingstop Trading Up 3.4%

Wingstop stock opened at $139.45 on Thursday. The firm has a market cap of $3.80 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.62 and a beta of 1.79. Wingstop has a 1-year low of $116.35 and a 1-year high of $381.45. The firm has a 50-day moving average of $152.29 and a 200-day moving average of $189.66.

Wingstop (NASDAQ:WING) last released its quarterly earnings results on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $185.56 million for the quarter, compared to analysts’ expectations of $190.25 million. Wingstop had a net margin of 15.77% and a negative return on equity of 16.22%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 earnings per share. Research analysts forecast that Wingstop will post 4.55 earnings per share for the current fiscal year.

Wingstop Company Profile

Wingstop Inc (NASDAQ: WING) is a fast-casual restaurant chain specializing in chicken wings and related menu items. Founded in 1994 in Garland, Texas, the company has built its brand around bold, chef-inspired wing flavors and a streamlined service model that caters to dine-in, takeout, delivery and catering orders.

The company’s core offerings include both bone-in and boneless chicken wings tossed in a variety of proprietary rubs and sauces, such as Original Hot, Lemon Pepper, and Mango Habanero.