Dine Brands Global Inc (NYSE:DIN) announced a quarterly dividend on Monday, August 5th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.69 per share by the restaurant operator on Friday, October 4th. This represents a $2.76 annualized dividend and a yield of 3.72%. The ex-dividend date is Thursday, September 19th.

Dine Brands Global has decreased its dividend by an average of 6.5% annually over the last three years. Dine Brands Global has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $7.50 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 36.8%.

Shares of NYSE:DIN opened at $74.18 on Tuesday. The business has a 50 day moving average price of $77.22 and a 200 day moving average price of $88.54. Dine Brands Global has a twelve month low of $65.63 and a twelve month high of $104.00. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 13.81 and a beta of 0.41.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.14). Dine Brands Global had a net margin of 11.73% and a negative return on equity of 59.85%. The business had revenue of $228.08 million for the quarter, compared to the consensus estimate of $233.69 million. During the same quarter in the previous year, the company earned $1.03 EPS. Dine Brands Global’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, research analysts predict that Dine Brands Global will post 6.89 EPS for the current fiscal year.

DIN has been the subject of a number of research reports. Maxim Group set a $110.00 price objective on Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank reduced their price objective on Dine Brands Global from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. ValuEngine downgraded Dine Brands Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Raymond James downgraded Dine Brands Global from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $125.00 to $105.00 in a research report on Thursday, August 1st. Finally, Wedbush reduced their price objective on Dine Brands Global from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. Dine Brands Global currently has an average rating of “Hold” and a consensus target price of $110.00.

In other Dine Brands Global news, SVP Bryan R. Adel sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $102.63, for a total value of $821,040.00. Following the completion of the sale, the senior vice president now owns 21,505 shares in the company, valued at approximately $2,207,058.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is currently owned by company insiders.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Dividend History for Dine Brands Global (NYSE:DIN)

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