The Wendy's Company (NASDAQ:WEN) Plans Quarterly Dividend of $0.14

The Wendy's Company (NASDAQ:WEN - Get Free Report) declared a quarterly dividend on Friday, May 2nd, RTT News reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.14 per share by the restaurant operator on Monday, June 16th. This represents a $0.56 annualized dividend and a dividend yield of 4.44%.

Wendy's has raised its dividend by an average of 32.5% per year over the last three years. Wendy's has a dividend payout ratio of 89.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Research analysts expect Wendy's to earn $1.12 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 89.3%.

Wendy's Trading Up 1.0 %

NASDAQ:WEN traded up $0.12 during mid-day trading on Friday, reaching $12.61. 2,486,566 shares of the company's stock traded hands, compared to its average volume of 4,232,008. The company has a 50 day moving average price of $14.10 and a 200-day moving average price of $15.94. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 2.00 and a beta of 0.61. The company has a debt-to-equity ratio of 12.48, a current ratio of 1.85 and a quick ratio of 1.83. Wendy's has a 12-month low of $12.05 and a 12-month high of $20.65.

Wendy's (NASDAQ:WEN - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The restaurant operator reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Wendy's had a net margin of 8.65% and a return on equity of 75.56%. During the same period in the previous year, the company earned $0.23 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts predict that Wendy's will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WEN. Truist Financial cut their price objective on Wendy's from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Stephens reaffirmed an "equal weight" rating and issued a $14.00 price target on shares of Wendy's in a research note on Friday. TD Securities reissued a "hold" rating and set a $16.00 price objective on shares of Wendy's in a research report on Friday, March 7th. UBS Group dropped their target price on shares of Wendy's from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $14.00 price target (down from $22.00) on shares of Wendy's in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.53.

Wendy's Company Profile

The Wendy's Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy's U.S., Wendy's International, and Global Real Estate and Development. The Wendy's U.S. segment includes the operation and franchising of Wendy's restaurants in the U.S.

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