Domino’s Pizza Inc (NYSE:DPZ) announced a quarterly dividend on Thursday, July 27th, Zacks reports. Investors of record on Friday, September 15th will be given a dividend of 0.46 per share by the restaurant operator on Friday, September 29th. This represents a $1.84 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, September 14th.

Domino’s Pizza has raised its dividend by an average of 23.9% per year over the last three years and has raised its dividend every year for the last 3 years. Domino’s Pizza has a dividend payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Domino’s Pizza to earn $6.80 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 27.1%.

Shares of Domino’s Pizza (DPZ) opened at 189.92 on Wednesday. Domino’s Pizza has a 52-week low of $148.95 and a 52-week high of $221.58. The stock has a market capitalization of $9.16 billion, a PE ratio of 37.74 and a beta of 0.36. The company’s 50 day moving average price is $188.18 and its 200 day moving average price is $194.28.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The firm had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same period in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post $5.69 EPS for the current year.

Domino’s Pizza declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: “Domino’s Pizza Inc (DPZ) To Go Ex-Dividend on September 14th” was posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/13/dominos-pizza-inc-dpz-to-go-ex-dividend-on-september-14th.html.

DPZ has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on Domino’s Pizza in a research report on Tuesday, May 23rd. They set a “market perform” rating and a $210.00 target price on the stock. Maxim Group upped their target price on Domino’s Pizza from $186.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, June 1st. BTIG Research reaffirmed a “buy” rating and set a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a research report on Thursday, June 1st. Longbow Research lowered Domino’s Pizza from a “buy” rating to a “neutral” rating in a research report on Friday, June 9th. Finally, Bank of America Corporation upped their target price on Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $193.90.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Dividend History for Domino`s Pizza (NYSE:DPZ)

Receive News & Ratings for Domino's Pizza Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza Inc and related companies with MarketBeat.com's FREE daily email newsletter.