DineEquity, Inc (NYSE:DIN) declared a quarterly dividend on Friday, October 6th, Wall Street Journal reports. Investors of record on Monday, December 18th will be paid a dividend of 0.97 per share by the restaurant operator on Friday, January 12th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date of this dividend is Friday, December 15th.

DineEquity has raised its dividend payment by an average of 7.0% annually over the last three years and has increased its dividend every year for the last 2 years. DineEquity has a dividend payout ratio of 89.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect DineEquity to earn $4.54 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 85.5%.

Shares of DineEquity (NYSE:DIN) traded up 4.02% on Friday, hitting $45.04. The company had a trading volume of 589,255 shares. DineEquity has a 12-month low of $36.71 and a 12-month high of $88.00. The firm has a market capitalization of $810.63 million, a P/E ratio of 10.04 and a beta of 0.40. The firm has a 50 day moving average of $40.63 and a 200-day moving average of $45.83.

DineEquity (NYSE:DIN) last released its earnings results on Thursday, August 10th. The restaurant operator reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.10. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $155.33 million. DineEquity had a return on equity of 38.34% and a net margin of 13.02%. DineEquity’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. On average, equities analysts predict that DineEquity will post $4.38 EPS for the current year.

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Several analysts have issued reports on the company. Zacks Investment Research lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub upgraded DineEquity from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Maxim Group dropped their price objective on DineEquity from $77.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Raymond James Financial, Inc. restated a “market perform” rating on shares of DineEquity in a research note on Monday, July 24th. Finally, ValuEngine lowered DineEquity from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.47.

In related news, Director Msd Capital L. P purchased 39,689 shares of DineEquity stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $39.23 per share, with a total value of $1,556,999.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.15% of the company’s stock.

About DineEquity

DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry, and owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.

Dividend History for DineEquity (NYSE:DIN)

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