The Cheesecake Factory Incorporated (NASDAQ:CAKE) Increases Dividend to $0.30 Per Share

The Cheesecake Factory Incorporated (NASDAQ:CAKE) announced a quarterly dividend on Thursday, February 12th. Investors of record on Wednesday, March 4th will be paid a dividend of 0.30 per share by the restaurant operator on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. This is a 11.1% increase from Cheesecake Factory’s previous quarterly dividend of $0.27.

Cheesecake Factory has increased its dividend by an average of 0.2%per year over the last three years. Cheesecake Factory has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Cheesecake Factory to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 29.3%.

Cheesecake Factory Stock Performance

Cheesecake Factory stock opened at $64.78 on Monday. The company has a market cap of $3.23 billion, a PE ratio of 21.10, a PEG ratio of 1.67 and a beta of 0.96. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 1.29. Cheesecake Factory has a 1 year low of $42.69 and a 1 year high of $69.70. The company’s 50-day moving average is $58.46 and its two-hundred day moving average is $55.10.

Cheesecake Factory (NASDAQ:CAKE) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Cheesecake Factory had a net margin of 3.96% and a return on equity of 45.68%. The business had revenue of $961.56 million during the quarter, compared to the consensus estimate of $949.03 million. During the same period in the previous year, the firm posted $1.04 earnings per share. Cheesecake Factory’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Cheesecake Factory will post 3.71 earnings per share for the current year.

Cheesecake Factory Company Profile

The Cheesecake Factory Incorporated (NASDAQ:CAKE) is an American restaurant company and distributor renowned for its full-service casual-dining concept and specialty cheesecakes. Headquartered in Calabasas Hills, California, the company operates more than 200 restaurants under The Cheesecake Factory® brand across the United States, Puerto Rico and select international markets. In addition to sit-down dining, Cheesecake Factory franchised locations offer catering and take-out services, while a separate manufacturing arm supplies branded cheesecakes and desserts to supermarkets, hotels and other foodservice operators.

The origins of the brand trace back to a small cheesecake bakery founded in Detroit in the 1940s.