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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Wednesday, March 18th will be paid a dividend of 0.19 per share by the restaurant operator on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, March 18th.

Dine Brands Global has raised 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dine Brands Global to earn $5.77 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 13.2%.

Dine Brands Global Stock Performance

DIN stock opened at $27.97 on Monday. The company’s 50 day moving average price is $33.79 and its 200 day moving average price is $29.94. Dine Brands Global has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The firm has a market capitalization of $364.96 million, a price-to-earnings ratio of 28.83 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The firm had revenue of $217.57 million for the quarter, compared to analysts’ expectations of $226.27 million. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

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.