DineEquity Inc (NYSE:DIN) declared a quarterly dividend on Friday, October 6th, Wall Street Journal reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.97 per share by the restaurant operator on Friday, January 12th. This represents a $3.88 annualized dividend and a dividend yield of 7.68%. The ex-dividend date is Friday, December 15th.

DineEquity has increased its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. DineEquity has a payout ratio of 95.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect DineEquity to earn $3.78 per share next year, which means the company may not be able to cover its $3.88 annual dividend with an expected future payout ratio of 102.6%.

DineEquity (DIN) opened at $50.49 on Friday. The company has a debt-to-equity ratio of -6.40, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $908.21, a PE ratio of 10.52 and a beta of 0.50. DineEquity has a 52-week low of $36.71 and a 52-week high of $87.70.

DineEquity (NYSE:DIN) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $144.67 million during the quarter, compared to the consensus estimate of $146.92 million. DineEquity had a positive return on equity of 64.43% and a negative net margin of 64.74%. DineEquity’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. research analysts expect that DineEquity will post 4.06 earnings per share for the current year.

A number of research analysts recently commented on the company. Maxim Group boosted their price target on DineEquity from $55.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. ValuEngine upgraded DineEquity from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet lowered DineEquity from a “c” rating to a “d+” rating in a report on Friday, November 10th. Zacks Investment Research raised DineEquity from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BidaskClub raised DineEquity from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. DineEquity has a consensus rating of “Hold” and a consensus target price of $57.64.

In other DineEquity news, Director Larry Alan Kay sold 778 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $45.14, for a total value of $35,118.92. Following the transaction, the director now owns 8,513 shares of the company’s stock, valued at approximately $384,276.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.15% of the company’s stock.

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DineEquity Company Profile

DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.

Dividend History for DineEquity (NYSE:DIN)

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