Domino’s Pizza, Inc. (DPZ) to Issue Quarterly Dividend of $1.74 on March 28th

Domino’s Pizza, Inc. (NASDAQ:DPZ) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors 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 1.63%. The ex-dividend date of this dividend is Friday, March 14th. This is a 15.2% increase from Domino’s Pizza’s previous quarterly dividend of $1.51.

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

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ traded down $2.92 during midday trading on Wednesday, hitting $427.64. The company’s stock had a trading volume of 193,017 shares, compared to its average volume of 600,812. The firm’s fifty day moving average price is $450.39 and its 200-day moving average price is $437.97. The firm has a market cap of $14.67 billion, a P/E ratio of 26.30, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its 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 firm 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%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.48 earnings per share. As a group, research analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DPZ. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Stephens reissued an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research note on Monday, March 3rd. TD Securities reaffirmed a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Morgan Stanley cut their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Barclays boosted their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. One equities 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

About Domino’s Pizza

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.