Dine Brands Global, Inc. (NYSE:DIN) to Issue $0.19 Quarterly Dividend

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, September 4th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.19 per share by the restaurant operator on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

Dine Brands Global has raised its dividend payment by an average of 0.2%per year 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 $4.65 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 16.3%.

Dine Brands Global Trading Down 1.6%

NYSE DIN opened at $31.65 on Friday. The stock has a market capitalization of $400.69 million, a price-to-earnings ratio of 67.34 and a beta of 0.94. The business’s 50 day moving average is $35.04 and its two-hundred day moving average is $31.58. Dine Brands Global has a 12-month low of $22.85 and a 12-month high of $39.68.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.04). Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The business had revenue of $240.90 million during the quarter, compared to analyst estimates of $237.28 million. During the same period in the prior year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Dine Brands Global will post 4.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DIN. Mizuho set a $38.00 target price on Dine Brands Global in a report on Thursday, August 6th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Monday, August 10th. Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a report on Monday, August 24th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Eight equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $32.83.

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.