The Wendy’s Company Plans Quarterly Dividend of $0.25 (NASDAQ:WEN)

The Wendy’s Company (NASDAQ:WEN) declared a quarterly dividend on Thursday, October 31st,RTT News reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.25 per share by the restaurant operator on Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, December 2nd.

Wendy’s has raised its dividend payment by an average of 51.1% per year over the last three years. Wendy’s has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Wendy’s to earn $1.03 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 97.1%.

Wendy’s Trading Down 0.9 %

Shares of NASDAQ WEN opened at $18.36 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. The stock’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $17.61. Wendy’s has a 52-week low of $15.61 and a 52-week high of $20.65. The stock has a market capitalization of $3.74 billion, a P/E ratio of 19.51, a PEG ratio of 2.58 and a beta of 0.79.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Thursday, October 31st. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Wendy’s had a return on equity of 70.02% and a net margin of 8.76%. The business had revenue of $566.70 million for the quarter, compared to analyst estimates of $560.50 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Wendy’s will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WEN has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Wendy’s from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Wendy’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. TD Cowen boosted their price objective on Wendy’s from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Wolfe Research raised Wendy’s to a “strong-buy” rating in a report on Friday, September 13th. Finally, Truist Financial lifted their target price on Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.36.

About Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.