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

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 8.19%. The ex-dividend date is Monday, March 17th.

Dine Brands Global has increased its dividend payment by an average of 72.1% annually over the last three years. Dine Brands Global has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Research 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

Shares of NYSE DIN opened at $24.91 on Friday. The company has a market cap of $379.90 million, a P/E ratio of 4.14 and a beta of 1.86. Dine Brands Global has a 1 year low of $22.36 and a 1 year high of $48.39. The firm has a 50-day simple moving average of $27.35 and a two-hundred day simple moving average of $30.19.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, March 5th. The restaurant operator reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.48). The company had revenue of $204.80 million for the quarter, compared to analysts’ expectations of $200.75 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. As a group, equities research analysts expect that Dine Brands Global will post 5.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wedbush reduced their target price on shares of Dine Brands Global from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. KeyCorp cut their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group cut their price objective on shares of Dine Brands Global from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Piper Sandler cut their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, Barclays cut their price objective on shares of Dine Brands Global from $32.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.