Dine Brands Global, Inc. (DIN) to Issue Quarterly Dividend of $0.19 on July 10th

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, June 24th will be paid 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 2.2%. The ex-dividend date is Wednesday, June 24th.

Dine Brands Global has increased its dividend by an average of 0.2%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 research analysts expect Dine Brands Global to earn $5.07 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 15.0%.

Dine Brands Global Stock Up 0.0%

NYSE:DIN opened at $34.18 on Monday. The company has a market cap of $433.69 million, a P/E ratio of 33.84 and a beta of 0.97. The firm’s 50 day moving average is $29.74 and its two-hundred day moving average is $31.42. Dine Brands Global has a fifty-two week low of $19.58 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data 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 company had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Research analysts forecast that Dine Brands Global will post 4.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DIN. Barclays lowered their price target on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Mizuho reduced their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Finally, Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and a consensus target price of $30.40.

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.