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

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.51 per share by the restaurant operator on Tuesday, January 7th. This represents a $2.04 annualized dividend 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 payment by an average of 39.0% per year over the last three years. Dine Brands Global has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE DIN opened at $32.96 on Friday. The company has a market capitalization of $502.64 million, a PE ratio of 5.48 and a beta of 1.71. The company has a fifty day moving average of $31.85 and a 200 day moving average of $34.22. Dine Brands Global has a 1 year low of $28.25 and a 1 year high of $52.05.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Research analysts expect that Dine Brands Global will post 5.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIN has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a research note on Friday, November 15th. Piper Sandler dropped 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 note on Monday, November 18th. Barclays upped their price objective on shares of Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group dropped their price objective on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Truist Financial reiterated a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and a consensus target price of $44.71.

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.