Dine Brands Global, Inc. (NYSE:DIN) Announces $0.51 Quarterly Dividend

by · The Markets Daily

Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 annualized dividend and a yield of 7.91%. The ex-dividend date is Monday, March 17th.

Dine Brands Global has raised its dividend by an average of 72.1% per year over the last three years. Dine Brands Global has a dividend payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $5.77 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 35.4%.

Dine Brands Global Stock Down 2.8 %

Shares of NYSE:DIN traded down $0.76 during trading on Friday, hitting $25.80. 584,476 shares of the company traded hands, compared to its average volume of 512,688. The stock has a market capitalization of $393.27 million, a price-to-earnings ratio of 4.29 and a beta of 1.75. The business’s fifty day moving average is $28.94 and its 200-day moving average is $30.88. Dine Brands Global has a one year low of $25.67 and a one year high of $51.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DIN shares. KeyCorp lowered their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Barclays reaffirmed an “equal weight” rating and set a $32.00 target price (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Piper Sandler lowered their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a report on Friday, November 15th. Finally, UBS Group reaffirmed a “neutral” rating and set a $32.00 target price (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.29.

Check Out Our Latest Research Report on DIN

Dine Brands Global Company Profile

(Get Free Report)

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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