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

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis 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% annually 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 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 Performance

NYSE DIN traded down $0.76 during trading hours on Friday, reaching $25.80. The company’s stock had a trading volume of 584,476 shares, compared to its average volume of 512,688. The company’s 50-day moving average is $28.94 and its two-hundred day moving average is $30.88. The stock has a market cap of $393.27 million, a PE ratio of 4.29 and a beta of 1.75. Dine Brands Global has a fifty-two week low of $25.67 and a fifty-two week high of $51.35.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DIN shares. UBS Group reissued a “neutral” rating and set a $32.00 price target (down previously from $44.00) on shares of Dine Brands Global in a research report on Tuesday, January 7th. 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 research report on Tuesday, January 7th. KeyCorp dropped their target price on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a research report on Friday, November 15th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.29.

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.