Dine Brands Global, Inc. (DIN) to Issue Quarterly Dividend of $0.51 on January 7th

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.51 per share by the restaurant operator on Tuesday, January 7th. This represents a $2.04 annualized dividend and a dividend yield of 6.19%. The ex-dividend date is Friday, December 20th.

Dine Brands Global has increased its dividend by an average of 39.0% per year over the last three years. Dine Brands Global has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dine Brands Global to earn $5.74 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 35.5%.

Dine Brands Global Price Performance

NYSE DIN opened at $32.96 on Friday. The business’s fifty day moving average price is $31.85 and its 200-day moving average price is $34.22. The stock has a market capitalization of $502.64 million, a price-to-earnings ratio of 5.48 and a beta of 1.71. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping the consensus estimate of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS. Equities research analysts anticipate that Dine Brands Global will post 5.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DIN. Piper Sandler reduced their price objective on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. KeyCorp cut their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. UBS Group cut their price target on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.71.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.