Dine Brands Global Inc (NYSE:DIN) declared a quarterly dividend on Friday, February 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, March 20th will be given a dividend of 0.69 per share by the restaurant operator on Friday, April 5th. This represents a $2.76 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Tuesday, March 19th. This is an increase from Dine Brands Global’s previous quarterly dividend of $0.63.
Dine Brands Global has decreased its dividend by an average of 6.5% per year over the last three years. Dine Brands Global has a dividend payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 34.7%.
NYSE:DIN opened at $90.67 on Thursday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 16.73 and a beta of 0.52. Dine Brands Global has a fifty-two week low of $61.89 and a fifty-two week high of $101.18.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.13. The company had revenue of $174.60 million for the quarter, compared to the consensus estimate of $197.28 million. Dine Brands Global had a net margin of 10.29% and a negative return on equity of 45.41%. Dine Brands Global’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. As a group, equities analysts expect that Dine Brands Global will post 7.16 EPS for the current year.
DIN has been the topic of a number of recent analyst reports. Maxim Group reaffirmed a “buy” rating on shares of Dine Brands Global in a research note on Wednesday, January 9th. ValuEngine raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Zacks Investment Research raised shares of Dine Brands Global from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, February 28th. Finally, Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of Dine Brands Global in a research note on Friday, February 22nd. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $115.75.
In other news, SVP Bryan R. Adel sold 6,990 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.50, for a total value of $695,505.00. Following the completion of the sale, the senior vice president now owns 23,397 shares of the company’s stock, valued at $2,328,001.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan R. Adel sold 13,806 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $97.46, for a total transaction of $1,345,532.76. The disclosure for this sale can be found here. Insiders sold 21,496 shares of company stock valued at $2,110,338 in the last three months. Company insiders own 2.75% of the company’s stock.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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