Domino’s Pizza, Inc. (NYSE:DPZ) declared a quarterly dividend on Wednesday, July 10th, NASDAQ reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.65 per share by the restaurant operator on Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 12th.
Domino’s Pizza has increased its dividend by an average of 21.1% per year over the last three years and has increased its dividend every year for the last 5 years. Domino’s Pizza has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Domino’s Pizza to earn $10.67 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 24.4%.
Shares of Domino’s Pizza stock traded up $2.84 during mid-day trading on Wednesday, hitting $246.41. The stock had a trading volume of 99,910 shares, compared to its average volume of 806,643. The firm has a 50-day moving average of $239.69 and a two-hundred day moving average of $260.36. Domino’s Pizza has a 12-month low of $220.90 and a 12-month high of $302.05. The firm has a market cap of $10.09 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.72 and a beta of 0.48.
Several equities research analysts have issued reports on the company. OTR Global cut Domino’s Pizza to a “positive” rating and set a $280.00 target price for the company. in a research note on Wednesday, July 10th. Northcoast Research initiated coverage on Domino’s Pizza in a research note on Wednesday, September 4th. They issued a “neutral” rating on the stock. Stifel Nicolaus set a $300.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Cowen cut their price objective on Domino’s Pizza from $290.00 to $260.00 and set an “outperform” rating for the company in a research report on Tuesday, September 3rd. Finally, TheStreet upgraded shares of Domino’s Pizza from a “c+” rating to a “b-” rating in a report on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $291.43.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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