Dunkin Brands Group Inc (NASDAQ:DNKN) Announces Quarterly Dividend of $0.40

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.

Dunkin Brands Group (NASDAQ:DNKN) last released its earnings results on Thursday, July 30th. The restaurant operator reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $287.40 million during the quarter, compared to analysts’ expectations of $275.52 million. Dunkin Brands Group had a negative return on equity of 42.33% and a net margin of 17.59%. The business’s revenue was down 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. As a group, equities research analysts predict that Dunkin Brands Group will post 2.57 earnings per share for the current fiscal year.

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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Dividend History for Dunkin Brands Group (NASDAQ:DNKN)

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