The Wendy’s Company (NASDAQ:WEN) to Issue Quarterly Dividend of $0.14

The Wendy’s Company (NASDAQ:WEN) announced a quarterly dividend on Friday, November 7th. Investors of record on Monday, December 1st will be paid a dividend of 0.14 per share by the restaurant operator on Monday, December 15th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 1st.

Wendy’s has raised its dividend payment by an average of 0.2%per year over the last three years. Wendy’s has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wendy’s to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 50.0%.

Wendy’s Stock Performance

Shares of WEN stock traded up $0.14 during trading hours on Friday, reaching $8.97. 20,316,426 shares of the company’s stock were exchanged, compared to its average volume of 6,216,798. Wendy’s has a fifty-two week low of $8.39 and a fifty-two week high of $19.97. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 28.74. The stock has a market capitalization of $1.71 billion, a P/E ratio of 9.34, a P/E/G ratio of 1.63 and a beta of 0.38. The business has a fifty day moving average price of $9.30 and a 200-day moving average price of $10.61.

Wendy’s (NASDAQ:WEN) last released its earnings results on Friday, November 7th. The restaurant operator reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $442.50 million during the quarter, compared to analysts’ expectations of $535.75 million. Wendy’s had a net margin of 8.63% and a return on equity of 103.07%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. Analysts predict that Wendy’s will post 0.99 EPS for the current fiscal year.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.