Dunkin Brands Group Inc (NASDAQ:DNKN) announced a quarterly dividend on Thursday, July 30th, Zacks reports. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.403 per share by the restaurant operator on Wednesday, September 9th. This represents a $1.61 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Monday, August 31st.
Dunkin Brands Group has raised its dividend by an average of 25.0% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Dunkin Brands Group has a dividend payout ratio of 62.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dunkin Brands Group to earn $3.07 per share next year, which means the company should continue to be able to cover its $1.61 annual dividend with an expected future payout ratio of 52.4%.
Shares of Dunkin Brands Group stock traded up $0.21 on Friday, hitting $68.86. 5,878 shares of the company’s stock were exchanged, compared to its average volume of 744,662. Dunkin Brands Group has a 1 year low of $38.51 and a 1 year high of $84.74. The company has a 50-day simple moving average of $66.05 and a 200-day simple moving average of $65.65. The stock has a market capitalization of $5.61 billion, a PE ratio of 23.75, a PEG ratio of 2.32 and a beta of 0.90.
Dunkin Brands Group (NASDAQ:DNKN) last announced its quarterly earnings results on Thursday, July 30th. The restaurant operator reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Dunkin Brands Group had a net margin of 17.59% and a negative return on equity of 42.33%. The company had revenue of $287.40 million for the quarter, compared to the consensus estimate of $275.52 million. During the same period in the previous year, the firm posted $0.86 EPS. Dunkin Brands Group’s revenue for the quarter was down 20.0% compared to the same quarter last year. Equities research analysts predict that Dunkin Brands Group will post 2.57 earnings per share for the current fiscal year.
In other Dunkin Brands Group news, CFO Katherine D. Jaspon sold 7,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $66.00, for a total transaction of $462,000.00. Following the transaction, the chief financial officer now directly owns 12,730 shares of the company’s stock, valued at $840,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.
Several equities research analysts have issued reports on DNKN shares. Jefferies Financial Group boosted their price objective on shares of Dunkin Brands Group from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. UBS Group upped their price target on shares of Dunkin Brands Group from $66.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer reaffirmed a “hold” rating on shares of Dunkin Brands Group in a research report on Friday, May 1st. KeyCorp reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dunkin Brands Group in a research report on Monday. Finally, Wolfe Research assumed coverage on shares of Dunkin Brands Group in a research report on Friday, April 17th. They issued an “outperform” rating and a $68.00 price target for the company. Seventeen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $74.82.
About Dunkin Brands Group
Dunkin' Brands Group, Inc, together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds.
Featured Story: How does a dividend reinvestment plan work?
Receive News & Ratings for Dunkin Brands Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunkin Brands Group and related companies with MarketBeat.com's FREE daily email newsletter.