Domino’s Pizza, Inc. Announces Quarterly Dividend of $1.51 (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, July 16th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 1.51 per share by the restaurant operator on Monday, September 30th. This represents a $6.04 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, September 13th.

Domino’s Pizza has raised its dividend payment by an average of 15.8% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Domino’s Pizza has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Domino’s Pizza to earn $17.86 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 33.8%.

Domino’s Pizza Trading Down 2.1 %

DPZ stock opened at $407.97 on Thursday. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75. The firm has a market capitalization of $14.23 billion, a PE ratio of 26.63, a P/E/G ratio of 2.14 and a beta of 0.86. The firm has a 50-day moving average of $435.95 and a two-hundred day moving average of $474.50.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.08 EPS. On average, equities research analysts anticipate that Domino’s Pizza will post 16.25 earnings per share for the current year.

Analysts Set New Price Targets

DPZ has been the topic of a number of research reports. Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Royal Bank of Canada dropped their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. TD Cowen restated a “buy” rating and issued a $610.00 price objective on shares of Domino’s Pizza in a report on Thursday, July 18th. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Finally, TD Securities restated a “buy” rating and issued a $580.00 price objective on shares of Domino’s Pizza in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $512.04.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.