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. Shareholders of record on Friday, December 20th will be paid a dividend of 0.51 per share by the restaurant operator on Tuesday, January 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Friday, December 20th.

Dine Brands Global has increased its dividend payment by an average of 39.0% per year over the last three years. Dine Brands Global has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities 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

DIN stock opened at $30.93 on Wednesday. The company has a 50 day moving average price of $32.54 and a 200 day moving average price of $33.11. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $51.35. The stock has a market capitalization of $471.48 million, a PE ratio of 5.15 and a beta of 1.73.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. As a group, equities analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DIN has been the topic of several recent research reports. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. KeyCorp reduced their price objective on shares of Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a research note on Monday, November 4th. Finally, Barclays lifted their price objective on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.