Darden Restaurants, Inc. (DRI) To Go Ex-Dividend on October 9th

Darden Restaurants, Inc. (NYSE:DRI – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Friday, October 9th will be paid a dividend of $1.62 per share by the restaurant operator on Monday, November 2nd. This represents a $6.48 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 9th.

Darden Restaurants has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Darden Restaurants has a payout ratio of 56.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Darden Restaurants to earn $12.41 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 52.2%.

Get Darden Restaurants alerts:

Darden Restaurants Stock Performance

Shares of NYSE DRI opened at $206.83 on Friday. The business has a fifty day simple moving average of $212.01 and a 200 day simple moving average of $204.76. The firm has a market capitalization of $23.60 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.01 and a beta of 0.60. Darden Restaurants has a one year low of $169.00 and a one year high of $229.76. The company has a current ratio of 0.31, a quick ratio of 0.21 and a debt-to-equity ratio of 0.74.

Darden Restaurants (NYSE:DRI – Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The restaurant operator reported $2.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.05. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.21 billion. Darden Restaurants had a net margin of 9.13% and a return on equity of 57.44%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.97 earnings per share. Darden Restaurants has set its FY 2027 guidance at 11.100-11.350 EPS. Sell-side analysts expect that Darden Restaurants will post 11.26 EPS for the current year.

About Darden Restaurants

(Get Free Report)

Darden Restaurants, Inc (NYSE: DRI) is a full-service restaurant company headquartered in Orlando, Florida. It operates and franchises a portfolio of dining brands serving a range of cuisines, price points and occasions, with restaurants primarily located in the United States and select international markets.

Its restaurant portfolio includes Olive Garden, an Italian-American dining chain; LongHorn Steakhouse; Cheddar’s Scratch Kitchen; Yard House; The Capital Grille; Seasons 52; Bahama Breeze; Eddie V’s; Ruth’s Chris Steak House; and Chuy’s.

See Also

• Five stocks we like better than Darden Restaurants
• Cintas Raises Guidance as a Major Catalyst Moves Closer
• 3 Space Stocks to Watch as SpaceX Reshapes the Launch Market
• Dave’s Success Has Investors Split
• Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks

Receive News & Ratings for Darden Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darden Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.