Wingstop Inc. (WING) to Issue Quarterly Dividend of $0.33 on December 4th

Wingstop Inc. (NASDAQ:WING) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.33 per share by the restaurant operator on Friday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 13th.

Wingstop has decreased its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 7 years. Wingstop has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wingstop to earn $4.99 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 26.5%.

Wingstop Stock Performance

Shares of WING opened at $169.58 on Wednesday. The firm has a market cap of $4.59 billion, a P/E ratio of 39.81, a PEG ratio of 2.35 and a beta of 1.77. Wingstop has a twelve month low of $95.82 and a twelve month high of $302.80. The firm’s 50 day moving average price is $122.62 and its two-hundred day moving average price is $160.91.

Wingstop (NASDAQ:WING) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The business had revenue of $185.13 million for the quarter, compared to analyst estimates of $192.89 million. Wingstop had a net margin of 16.03% and a negative return on equity of 15.80%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that Wingstop will post 4.19 earnings per share for the current fiscal year.

Wingstop Company Profile

Wingstop Inc. is a restaurant company focused on chicken wings and related menu items. Its offerings include classic and boneless wings with a range of flavors, as well as chicken tenders, fries, dips and other sides. Customers can order through its restaurants and digital channels. Founded in 1994 in Garland, Texas, Wingstop has grown into an international brand. The company operates primarily through franchised restaurants in the United States and select international markets. Wingstop is headquartered in Addison, Texas.