Domino's Pizza, Inc. (NASDAQ:DPZ) Raises Dividend to $1.74 Per Share

Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) announced a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 1.74 per share by the restaurant operator on Friday, March 28th. This represents a $6.96 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51.

Domino's Pizza has increased its dividend payment by an average of 17.1% per year over the last three years and has raised its dividend annually for the last 12 consecutive years.

Domino's Pizza Stock Up 1.5 %

Shares of NASDAQ DPZ traded up $7.43 during midday trading on Friday, hitting $489.71. The company had a trading volume of 634,243 shares, compared to its average volume of 616,201. Domino's Pizza has a twelve month low of $396.06 and a twelve month high of $542.75. The business has a 50-day simple moving average of $444.92 and a two-hundred day simple moving average of $436.29. The firm has a market capitalization of $16.80 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.48 earnings per share. On average, equities analysts forecast that Domino's Pizza will post 16.74 EPS for the current year.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird cut their price target on Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Thursday, February 20th. Benchmark restated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research report on Tuesday. Wedbush restated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday. Finally, Citigroup lifted their price objective on Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $503.41.

Domino's Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.