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

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Monday, March 17th.

Dine Brands Global has raised its dividend by an average of 72.1% annually over the last three years. Dine Brands Global has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dine Brands Global to earn $5.77 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 35.4%.

Dine Brands Global Price Performance

Dine Brands Global stock opened at $25.53 on Thursday. The company has a market cap of $389.23 million, a PE ratio of 4.25 and a beta of 1.75. The company has a fifty day moving average price of $28.62 and a two-hundred day moving average price of $30.77. Dine Brands Global has a 12 month low of $25.06 and a 12 month high of $51.35.

Analyst Ratings Changes

A number of equities analysts have issued reports on DIN shares. CL King lowered Dine Brands Global from a "buy" rating to a "neutral" rating in a research note on Monday, November 4th. KeyCorp decreased their target price on Dine Brands Global from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Piper Sandler reduced their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Finally, Wedbush restated an "outperform" rating and set a $47.00 price objective on shares of Dine Brands Global in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.29.

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.