Domino’s Pizza, Inc. Plans Quarterly Dividend of $0.65 (NYSE:DPZ)

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.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.19. Domino’s Pizza had a net margin of 10.83% and a negative return on equity of 12.81%. The firm had revenue of $811.65 million for the quarter, compared to analyst estimates of $834.87 million. During the same quarter in the previous year, the company earned $1.84 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Domino’s Pizza will post 9.43 earnings per share for the current year.

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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Dividend History for Domino`s Pizza (NYSE:DPZ)

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