Papa John's International, Inc. Plans Quarterly Dividend of $0.46 (NASDAQ:PZZA)

Key Points

• Papa John’s declared a quarterly dividend of $0.46 per share (annualized $1.84), payable May 29 to shareholders of record on May 18, implying a 5.4% yield.
• While the company has increased its dividend for four consecutive years, its payout ratio is high—about 81.8% today and estimated to approach 98.9% next year—indicating limited room for earnings weakness without jeopardizing the dividend.

Papa John's International, Inc. (NASDAQ:PZZA - Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, May 18th will be given a dividend of 0.46 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, May 18th.

Papa John's International has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Papa John's International has a payout ratio of 81.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Papa John's International to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 98.9%.

Papa John's International Stock Performance

Shares of Papa John's International stock traded down $1.03 during trading on Wednesday, reaching $33.78. The company's stock had a trading volume of 1,939,392 shares, compared to its average volume of 1,192,621. The business's fifty day moving average price is $34.59 and its 200-day moving average price is $38.39. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.98 and a beta of 1.18. Papa John's International has a one year low of $29.55 and a one year high of $55.74.

Papa John's International (NASDAQ:PZZA - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $498.18 million for the quarter, compared to analyst estimates of $517.25 million. Papa John's International had a negative return on equity of 11.16% and a net margin of 1.44%.The firm's revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Sell-side analysts anticipate that Papa John's International will post 1.53 EPS for the current year.

Papa John's International Company Profile

Papa John's International, Inc is a leading American pizza restaurant chain known for its focus on high-quality ingredients and consistent product offerings. Founded in 1984 by John Schnatter in Jeffersonville, Indiana, the company has grown to operate thousands of restaurants across the United States and in more than 40 international markets. Papa John's restaurants are primarily franchised, supported by a network of corporate-owned outlets that together drive brand standards, operational guidance and marketing efforts.

The core menu at Papa John's centers on a variety of hand-tossed and pan pizzas made with a signature stone-baked crust and topped with real cheese, vine-ripened tomato sauce and premium meats and vegetables.

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