Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) 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.
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.
Get Our Latest Research Report on DIN
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.
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