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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Wednesday, May 14th, RTT News reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.51 per share by the restaurant operator on Wednesday, July 9th. This represents a $2.04 annualized dividend and a dividend yield of 8.27%.

Dine Brands Global has increased its dividend payment by an average of 72.1% annually over the last three years. Dine Brands Global has a dividend payout ratio of 37.8% meaning 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 Trading Up 0.1%

DIN opened at $24.68 on Thursday. The stock’s fifty day simple moving average is $22.21 and its 200 day simple moving average is $27.35. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $45.69. The stock has a market cap of $385.65 million, a PE ratio of 4.11 and a beta of 1.11.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.15). The company had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. Dine Brands Global’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Equities analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp lowered their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Truist Financial lowered their target price on Dine Brands Global from $27.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Sanford C. Bernstein set a $26.00 price target on Dine Brands Global in a report on Thursday, March 6th. UBS Group decreased their price objective on Dine Brands Global from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Barclays increased their price objective on Dine Brands Global from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.29.

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.