Dine Brands Global (DIN) Announces Dividend Payout of $0.51

Dine Brands Global, the parent company of popular restaurant chains Applebee’s and IHOP, announced on February 26, 2024, that it will be paying a regular quarterly dividend of $0.51 per share ($2.04 annualized). This dividend is consistent with the previous payout, maintaining a steady return for shareholders.

To qualify for the dividend, shares must be purchased before the ex-dividend date of March 19, 2024. Shareholders of record as of March 20, 2024, will receive the payment on April 5, 2024. At the current share price of $47.96, the stock’s dividend yield stands at 4.25%, which is 0.43 standard deviations above the historical average.

The company’s dividend payout ratio, which indicates how much of the company’s income is paid out in dividends, is at a healthy 0.32. This suggests that Dine Brands Global is maintaining a balance between rewarding shareholders and reinvesting in growth opportunities.

In terms of fund sentiment, there has been an increase in the number of funds or institutions reporting positions in Dine Brands Global, with the average portfolio weight dedicated to the company decreasing slightly. The put/call ratio of DIN is 1.00, indicating a bullish outlook among investors.

Analyst price forecasts suggest a 28.14% upside potential for Dine Brands Global, with an average one-year price target of $61.46. The company’s projected annual revenue is expected to increase by 2.48%, with a non-GAAP EPS of 8.01.

Overall, Dine Brands Global continues to attract investor interest and confidence, with a solid dividend payout, positive fund sentiment, and optimistic analyst forecasts driving growth prospects for the company.