Dine Brands Global, Inc. (DIN) To Go Ex-Dividend on June 20th

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Thursday, June 20th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, July 5th. This represents a $2.04 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Thursday, June 20th.

Dine Brands Global has increased its dividend payment by an average of 39.0% annually over the last three years. Dine Brands Global has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dine Brands Global to earn $6.52 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 31.3%.

Dine Brands Global Stock Up 0.4 %

Shares of NYSE DIN opened at $37.30 on Tuesday. The firm’s 50-day simple moving average is $41.73 and its 200 day simple moving average is $45.08. The company has a market cap of $574.42 million, a price-to-earnings ratio of 6.64 and a beta of 1.73. Dine Brands Global has a 12-month low of $35.46 and a 12-month high of $60.98.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.26). The company had revenue of $206.24 million for the quarter, compared to analyst estimates of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.97 EPS. On average, equities analysts expect that Dine Brands Global will post 6.18 earnings per share for the current year.

Wall Street Analyst Weigh In

DIN has been the topic of several research reports. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. KeyCorp dropped their price objective on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Piper Sandler dropped their price objective on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Barclays dropped their price objective on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, May 9th. Finally, Wedbush dropped their price objective on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global currently has an average rating of “Moderate Buy” and a consensus target price of $58.57.

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.