Dine Brands Global, Inc. (NYSE:DIN) Declares Quarterly Dividend of $0.19

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, June 24th will be given a dividend of 0.19 per share by the restaurant operator on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 24th.

Dine Brands Global has raised its dividend by an average of 0.2%annually over the last three years. Dine Brands Global has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $5.22 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 14.6%.

Dine Brands Global Trading Up 8.7%

Shares of NYSE DIN opened at $31.13 on Friday. Dine Brands Global has a 12-month low of $19.58 and a 12-month high of $39.68. The firm has a market capitalization of $395.04 million, a price-to-earnings ratio of 30.82 and a beta of 0.94. The firm has a 50 day moving average of $28.03 and a 200 day moving average of $30.60.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.12). The business had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Sell-side analysts predict that Dine Brands Global will post 4.62 EPS for the current year.

Analyst Upgrades and Downgrades

DIN has been the subject of several analyst reports. Mizuho reduced their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Barclays lowered their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Finally, Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.40.

Dine Brands Global Company Profile

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.