Dine Brands Global, Inc. (DIN) to Issue Quarterly Dividend of $0.51 on April 5th

Dine Brands Global, Inc. (NYSE:DINGet Free Report) announced a quarterly dividend on Monday, February 26th, Zacks reports. Shareholders of record on Wednesday, March 20th will be paid a dividend of 0.51 per share by the restaurant operator on Friday, April 5th. This represents a $2.04 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, March 19th.

Dine Brands Global has raised its dividend payment by an average of 39.0% annually over the last three years. Dine Brands Global has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dine Brands Global to earn $6.33 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 32.2%.

Dine Brands Global Stock Up 0.8 %

Shares of Dine Brands Global stock opened at $46.13 on Wednesday. Dine Brands Global has a twelve month low of $42.00 and a twelve month high of $77.63. The company has a 50-day simple moving average of $46.50 and a two-hundred day simple moving average of $48.50. The stock has a market capitalization of $712.25 million, a price-to-earnings ratio of 9.59 and a beta of 1.72.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Dine Brands Global from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, January 3rd. Wedbush dropped their target price on shares of Dine Brands Global from $54.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. KeyCorp boosted their target price on shares of Dine Brands Global from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, December 15th. Finally, Piper Sandler decreased their price target on shares of Dine Brands Global from $59.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.33.

View Our Latest Stock Report on Dine Brands Global

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in shares of Dine Brands Global by 12.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,753 shares of the restaurant operator’s stock valued at $293,000 after purchasing an additional 404 shares during the last quarter. Citigroup Inc. raised its holdings in Dine Brands Global by 2.2% during the first quarter. Citigroup Inc. now owns 15,537 shares of the restaurant operator’s stock worth $1,210,000 after buying an additional 331 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Dine Brands Global by 3.8% in the 1st quarter. Bank of Montreal Can now owns 5,659 shares of the restaurant operator’s stock worth $440,000 after acquiring an additional 209 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Dine Brands Global by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,526 shares of the restaurant operator’s stock worth $665,000 after acquiring an additional 3,097 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Dine Brands Global by 7.0% in the 1st quarter. Rhumbline Advisers now owns 42,324 shares of the restaurant operator’s stock worth $3,299,000 after acquiring an additional 2,775 shares in the last quarter. 90.61% of the stock is owned by institutional investors.

About Dine Brands Global

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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), Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

Further Reading

Dividend History for Dine Brands Global (NYSE:DIN)

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