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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Friday, September 20th will be given a dividend of 0.51 per share by the restaurant operator on Tuesday, October 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Friday, September 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 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $6.02 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 33.9%.

Dine Brands Global Stock Performance

NYSE:DIN opened at $30.06 on Thursday. The firm has a market cap of $463.07 million, a price-to-earnings ratio of 5.35 and a beta of 1.72. The firm has a 50-day moving average price of $32.33 and a two-hundred day moving average price of $38.60. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $54.62.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The firm had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $1.82 EPS. As a group, sell-side analysts forecast that Dine Brands Global will post 5.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIN. KeyCorp reduced their target price on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their target price on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wedbush dropped their price target on Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. UBS Group cut their price target on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

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.