Dine Brands Global, Inc. (DIN) To Go Ex-Dividend on March 17th

Dine Brands Global, Inc. (NYSE:DIN) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, April 4th. This represents a $2.04 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Monday, March 17th.

Dine Brands Global has increased its dividend payment by an average of 72.1% per year over the last three years. Dine Brands Global has a dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dine Brands Global to earn $5.77 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 35.4%.

Dine Brands Global Stock Performance

Shares of DIN opened at $25.80 on Friday. The stock has a 50 day moving average price of $28.84 and a two-hundred day moving average price of $30.83. The firm has a market capitalization of $393.27 million, a P/E ratio of 4.29 and a beta of 1.75. Dine Brands Global has a 52 week low of $25.67 and a 52 week high of $51.35.

Analyst Ratings Changes

A number of analysts have commented on the company. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Barclays reissued an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. KeyCorp decreased their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler reduced their target price on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.29.

Dine Brands Global Company Profile

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.