The Wendy’s Company (NASDAQ:WEN – Get Free Report) announced a quarterly dividend on Friday, May 8th. Investors of record on Monday, June 1st will be given a dividend of 0.14 per share by the restaurant operator on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, June 1st.
Wendy’s has raised its dividend payment by an average of 0.2%per year over the last three years. Wendy’s has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wendy’s to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 88.9%.
Wendy’s Price Performance
WEN opened at $7.70 on Friday. The stock’s 50-day moving average price is $7.19 and its 200 day moving average price is $7.75. Wendy’s has a 12-month low of $6.37 and a 12-month high of $12.51. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.54 and a beta of 0.35. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 29.25.
About Wendy’s
The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.
Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.
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