The Wendy’s Co. (WEN) Announces Quarterly Dividend of $0.05
The Wendy’s (NYSE:WEN) declared a quarterly dividend on Thursday, October 31st, AR Network reports. Investors of record on Monday, December 2nd will be given a dividend of $0.05 per share on Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.30%.
A number of research firms have recently commented on WEN. Analysts at Deutsche Bank raised their price target on shares of The Wendy’s from $7.00 to $8.00 in a research note to investors on Monday, October 7th. They now have a “hold” rating on the stock. On a related note, analysts at Zacks downgraded shares of The Wendy’s from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $9.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of The Wendy’s from an “underweight” rating to a “hold” rating in a research note to investors on Friday, September 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.28.
The Wendy’s (NYSE:WEN) traded down 0.34% on Thursday, hitting $8.69. 6,435,437 shares of the company’s stock traded hands. The Wendy’s has a 52-week low of $4.24 and a 52-week high of $8.72. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $7.01. The company has a market cap of $3.418 billion and a price-to-earnings ratio of 235.68.
The Wendy’s Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy’s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food.
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