Dunkin Brands Group Inc (NASDAQ:DNKN) announced a quarterly dividend on Thursday, July 30th, Zacks reports. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.403 per share by the restaurant operator on Wednesday, September 9th. This represents a $1.61 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, August 31st.
Dunkin Brands Group has raised its dividend payment by an average of 25.0% per year over the last three years and has increased its dividend every year for the last 7 years. Dunkin Brands Group has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dunkin Brands Group to earn $3.07 per share next year, which means the company should continue to be able to cover its $1.61 annual dividend with an expected future payout ratio of 52.4%.
Shares of Dunkin Brands Group stock traded up $0.21 on Friday, hitting $68.86. 5,878 shares of the company’s stock traded hands, compared to its average volume of 744,662. The stock has a market cap of $5.61 billion, a P/E ratio of 23.75, a PEG ratio of 2.32 and a beta of 0.90. The firm’s 50-day moving average is $66.05 and its 200 day moving average is $65.65. Dunkin Brands Group has a 52-week low of $38.51 and a 52-week high of $84.74.
In other news, CFO Katherine D. Jaspon sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total transaction of $462,000.00. Following the transaction, the chief financial officer now owns 12,730 shares of the company’s stock, valued at $840,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.
Several brokerages recently issued reports on DNKN. Piper Sandler raised their price objective on Dunkin Brands Group from $52.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, June 4th. Goldman Sachs Group raised their target price on Dunkin Brands Group from $48.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Credit Suisse Group raised their target price on Dunkin Brands Group from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Wells Fargo & Co cut their target price on Dunkin Brands Group from $71.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Finally, Wolfe Research initiated coverage on Dunkin Brands Group in a report on Friday, April 17th. They set an “outperform” rating and a $68.00 target price on the stock. Seventeen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.82.
Dunkin Brands Group Company Profile
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
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