Dunkin Brands Group Inc (NASDAQ:DNKN) declared a quarterly dividend on Thursday, July 30th, Zacks reports. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.403 per share by the restaurant operator on Wednesday, September 9th. This represents a $1.61 annualized dividend and a dividend yield of 2.36%. 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% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Dunkin Brands Group has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 DNKN stock traded down $0.47 during trading on Friday, hitting $68.18. The company’s stock had a trading volume of 3,483 shares, compared to its average volume of 744,662. The company has a market cap of $5.61 billion, a PE ratio of 23.75, a P/E/G ratio of 2.32 and a beta of 0.90. The business has a fifty day moving average of $66.05 and a 200-day moving average of $65.65. Dunkin Brands Group has a 52 week low of $38.51 and a 52 week high of $84.74.
In related news, CFO Katherine D. Jaspon sold 7,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $66.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Several research firms recently commented on DNKN. Piper Sandler upped their price objective on Dunkin Brands Group from $52.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Morgan Stanley upped their price objective on Dunkin Brands Group from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday. Goldman Sachs Group upped their price objective 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 upped their price objective on Dunkin Brands Group from $67.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wolfe Research started coverage on Dunkin Brands Group in a research report on Friday, April 17th. They set an “outperform” rating and a $68.00 target price on the stock. Seventeen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently 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.
See Also: What is a Swap?
Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.