Dine Brands Global, Inc. Announces Quarterly Dividend of $0.19 (NYSE:DIN)

Key Points

• Dine Brands Global declared a quarterly dividend of $0.19 per share, payable October 9 to shareholders of record on September 16. The dividend implies an annualized payout of $0.76 and a 2.4% yield.
• The dividend appears well covered, with a current payout ratio of 14.6% and an expected future payout ratio of 16.3%, based on analysts’ projected earnings.
• Dine Brands’ shares fell 1.6% to $31.65. In its latest quarter, the company reported $1.16 in EPS—below estimates—but revenue rose 4.4% year over year to $240.9 million.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) announced a quarterly dividend on Friday, September 4th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.19 per share by the restaurant operator on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 16th.

Dine Brands Global has increased its dividend by an average of 0.2%annually over the last three years. Dine Brands Global has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 16.3%.

Dine Brands Global Trading Down 1.6%

DIN stock traded down $0.52 during mid-day trading on Friday, reaching $31.65. 216,115 shares of the stock traded hands, compared to its average volume of 372,948. The company has a market cap of $400.69 million, a P/E ratio of 67.34 and a beta of 0.94. Dine Brands Global has a 52-week low of $22.85 and a 52-week high of $39.68. The stock's fifty day moving average is $35.13 and its 200-day moving average is $31.58.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The firm had revenue of $240.90 million for the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. Dine Brands Global's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Equities research analysts expect that Dine Brands Global will post 4.28 earnings per share for the current year.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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