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

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

Dine Brands Global has increased its dividend by an average of 72.1% per year over the last three years. Dine Brands Global has a payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 DIN traded down $0.76 during trading hours on Friday, hitting $25.80. The company had a trading volume of 584,476 shares, compared to its average volume of 512,688. The firm has a market cap of $393.27 million, a P/E ratio of 4.29 and a beta of 1.75. The stock’s 50 day moving average price is $28.94 and its 200 day moving average price is $30.88. Dine Brands Global has a 52-week low of $25.67 and a 52-week high of $51.35.

Wall Street Analyst Weigh In

DIN has been the topic of a number of research analyst reports. StockNews.com downgraded Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Wedbush restated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, October 29th. UBS Group reaffirmed a “neutral” rating and set a $32.00 price objective (down from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Finally, Barclays reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global has a consensus rating of “Hold” and an average target price of $41.29.

Dine Brands Global Company Profile

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.