Dine Brands Global, Inc. (NYSE:DIN) Announces $0.51 Quarterly Dividend

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders 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 6.19%. The ex-dividend date of this dividend is Friday, December 20th.

Dine Brands Global has raised its dividend by an average of 39.0% per year over the last three years. Dine Brands Global has a 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 Stock Performance

DIN traded up $0.23 on Friday, hitting $32.96. 396,554 shares of the company were exchanged, compared to its average volume of 437,806. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05. The business's fifty day moving average is $31.80 and its 200 day moving average is $34.30. The firm has a market capitalization of $502.64 million, a P/E ratio of 5.42 and a beta of 1.71.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.10. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 earnings per share. Analysts forecast that Dine Brands Global will post 5.84 EPS for the current fiscal year.

Analysts Set New Price Targets

DIN has been the subject of a number of recent analyst reports. UBS Group decreased their price objective on Dine Brands Global from $51.00 to $44.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Benchmark reiterated a "hold" rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. KeyCorp dropped their target price on shares of Dine Brands Global from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, October 18th. Wedbush reissued an "outperform" rating and issued a $47.00 price target on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, StockNews.com cut shares of Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.71.

Dine Brands Global Company Profile

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.

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