The Wendy’s Company (NASDAQ:WEN) Shareholders to Collect $0.07 Quarterly Dividend

The Wendy’s Company (NASDAQ:WEN) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.07 per share by the restaurant operator on Tuesday, December 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st.

Wendy’s has increased its dividend by an average of 0.2% annually over the last three years. Wendy’s has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wendy’s to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 58.3%.

Wendy’s Stock Up 3.8%

Shares of NASDAQ:WEN opened at $7.94 on Friday. Wendy’s has a 52-week low of $5.94 and a 52-week high of $10.12. The company has a market capitalization of $1.51 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.37. The company has a debt-to-equity ratio of 27.95, a quick ratio of 1.88 and a current ratio of 1.90. The company has a fifty day moving average of $6.95 and a 200-day moving average of $7.36.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings data on Thursday, November 5th. The restaurant operator reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $435.62 million for the quarter, compared to the consensus estimate of $531.28 million. Wendy’s had a return on equity of 115.31% and a net margin of 5.72%. Wendy’s’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, equities analysts predict that Wendy’s will post 0.50 EPS for the current fiscal year.

Wendy’s Company Profile

The Wendy’s Company (NASDAQ: WEN) operates and franchises quick-service restaurants under the Wendy’s brand. Its restaurants are known for hamburgers made with fresh, never-frozen beef, along with chicken sandwiches, salads, fries, breakfast items, desserts, and beverages.

Founded by Dave Thomas in 1969, Wendy’s has grown into an international restaurant chain with locations primarily in the United States and Canada, as well as select markets in other countries. The company’s restaurant system includes both company-operated and franchised locations.

In addition to its restaurant operations, Wendy’s supports customers through digital ordering, delivery, loyalty programs, and mobile applications.