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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.51 per share by the restaurant operator on Tuesday, January 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, December 20th.

Dine Brands Global has increased its dividend payment by an average of 39.0% per year over the last three years. Dine Brands Global has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $5.74 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 35.5%.

Dine Brands Global Price Performance

NYSE DIN traded up $0.23 on Friday, reaching $32.96. The company had a trading volume of 396,554 shares, compared to its average volume of 437,806. The firm has a market cap of $502.64 million, a price-to-earnings ratio of 5.42 and a beta of 1.71. The business has a 50 day moving average of $31.80 and a two-hundred day moving average of $34.30. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $52.05.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $198.40 million. During the same period in the previous year, the company earned $1.46 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, research analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DIN. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group dropped their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Piper Sandler decreased their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday. KeyCorp cut their price objective on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Finally, Barclays raised their target price on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.71.

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.