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

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.

Dunkin Brands Group (NASDAQ:DNKN) last posted its quarterly earnings data on Thursday, July 30th. The restaurant operator reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Dunkin Brands Group had a negative return on equity of 42.33% and a net margin of 17.59%. The business had revenue of $287.40 million for the quarter, compared to the consensus estimate of $275.52 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. Dunkin Brands Group’s revenue for the quarter was down 20.0% on a year-over-year basis. On average, sell-side analysts expect that Dunkin Brands Group will post 2.57 EPS for the current fiscal year.

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.

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Dividend History for Dunkin Brands Group (NASDAQ:DNKN)

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