DineEquity Inc. Declares Quarterly Dividend of $0.75 (DIN)
DineEquity (NYSE:DIN) declared a quarterly dividend on Thursday, October 3rd, AnalystRatingsNetwork.com reports. Investors of record on Tuesday, December 10th will be given a dividend of $0.75 per share on Friday, December 27th. This represents a $3.00 dividend on an annualized basis and a yield of 4.33%.
DIN has been the subject of a number of recent research reports. Analysts at KeyCorp initiated coverage on shares of DineEquity (NYSE:DIN) in a research note to investors on Monday, September 9th. They set a “hold” rating on the stock. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of DineEquity (NYSE:DIN) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 29th. Finally, analysts at Raymond James downgraded shares of DineEquity (NYSE:DIN) from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, July 19th. They now have a $80.00 price target on the stock, down previously from $85.00. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $77.00.
DineEquity (NYSE:DIN) opened at 69.22 on Thursday. DineEquity has a 1-year low of $55.51 and a 1-year high of $78.39. The stock’s 50-day moving average is $67.49 and its 200-day moving average is $69.68. The company has a market cap of $1.325 billion and a P/E ratio of 11.77.
DineEquity (NYSE:DIN) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.10. The company had revenue of $158.11 million for the quarter, compared to the consensus estimate of $156.74 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 31.1% on a year-over-year basis. Analysts expect that DineEquity will post $4.00 EPS for the current fiscal year.
DineEquity, Inc owns franchise and operate two restaurant concepts: Applebee’s Neighborhood Grill & Bar, (NYSE:DIN), in the bar and grill segment of the casual dining category of the restaurant industry, and International House of Pancakes (IHOP), in the family dining category of the restaurant industry.
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