Dine Brands Global, Inc. (DIN) to Issue Quarterly Dividend of $0.19 on January 7th

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Tuesday, December 23rd will be given a dividend of 0.19 per share by the restaurant operator on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, December 23rd.

Dine Brands Global has decreased its dividend by an average of 0.1%per year over the last three years. Dine Brands Global has a payout ratio of 14.6% indicating that 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 $0.76 annual dividend with an expected future payout ratio of 13.2%.

Dine Brands Global Price Performance

DIN stock opened at $34.45 on Friday. The company has a market capitalization of $496.77 million, a P/E ratio of 15.38 and a beta of 0.91. Dine Brands Global has a 12 month low of $18.63 and a 12 month high of $35.34. The firm’s fifty day simple moving average is $28.91 and its 200-day simple moving average is $25.91.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The business had revenue of $216.17 million for the quarter, compared to analysts’ expectations of $221.61 million. During the same period last year, the business earned $1.44 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

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.