Dine Brands Global, Inc. (NYSE:DIN) Declares $0.19 Quarterly Dividend

Dine Brands Global, Inc. (NYSE:DINGet Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.19 per share by the restaurant operator on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 24th.

Dine Brands Global has increased its dividend by an average of 0.2%annually over the last three years. Dine Brands Global has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dine Brands Global to earn $5.22 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 14.6%.

Dine Brands Global Price Performance

Shares of DIN stock traded up $2.48 during trading on Thursday, reaching $31.13. The company had a trading volume of 698,120 shares, compared to its average volume of 419,948. The firm’s 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $30.58. Dine Brands Global has a one year low of $19.58 and a one year high of $39.68. The company has a market capitalization of $395.04 million, a PE ratio of 30.82 and a beta of 0.94.

Dine Brands Global (NYSE:DINGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The company had revenue of $225.20 million during the quarter, compared to the consensus estimate of $222.08 million. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts forecast that Dine Brands Global will post 4.62 earnings per share for the current year.

Insider Activity at Dine Brands Global

In other news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the sale, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas M. Pasquale acquired 1,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $27,750.00. Following the acquisition, the director directly owned 32,469 shares in the company, valued at $901,014.75. This represents a 3.18% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 6,000 shares of company stock worth $173,310 in the last three months. 6.73% of the stock is owned by insiders.

Institutional Trading of Dine Brands Global

Several institutional investors have recently bought and sold shares of DIN. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Dine Brands Global in the 4th quarter valued at $9,099,000. Millennium Management LLC boosted its stake in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Dine Brands Global in the 3rd quarter valued at $4,175,000. 4D Advisors LLC acquired a new stake in Dine Brands Global in the 4th quarter valued at $4,339,000. Finally, Cibc World Markets Corp acquired a new stake in Dine Brands Global in the 4th quarter valued at $3,567,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

Further Reading

Dividend History for Dine Brands Global (NYSE:DIN)

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