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

Dine Brands Global, Inc. (NYSE:DIN) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Friday, December 20th will be paid a dividend of 0.51 per share by the restaurant operator on Tuesday, January 7th. This represents a $2.04 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, December 20th.

Dine Brands Global has increased its dividend payment by an average of 39.0% per year over the last three years. Dine Brands Global has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Dine Brands Global to earn $5.74 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 35.5%.

Dine Brands Global Stock Performance

Shares of DIN stock opened at $30.93 on Wednesday. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $51.35. The company’s 50 day moving average price is $32.54 and its two-hundred day moving average price is $33.11. The company has a market capitalization of $471.48 million, a P/E ratio of 5.15 and a beta of 1.73.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. Analysts forecast that Dine Brands Global will post 5.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays upped their price target on Dine Brands Global from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $47.00 price objective on shares of Dine Brands Global in a report on Friday, November 15th. Finally, Truist Financial restated a “hold” rating and set a $37.00 target price (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Dine Brands Global has an average rating of “Hold” and an average price target of $44.71.

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.