EX-Dividend Schedule: DineEquity has a Dividend Yield of 7.55%; Will Trade Ex-Dividend on December 15, 2017
LONDON, UK / ACCESSWIRE / December 14, 2017 / Active-Investors has a free review on DineEquity, Inc. (NYSE: DIN) following the Company's announcement that it will begin trading ex-dividend on December 15, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 14, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on DIN:
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Dividend Declared
On October 06, 2017, DineEquity, the parent Company of Applebee's Neighborhood Grill & Bar® and IHOP® restaurants, announced that its Board of Directors declared a cash dividend of $0.97 per share of common stock for Q4 2017. The dividend will be payable on January 12, 2018, to the Company's stockholders of record at the close of business on December 18, 2017.
DineEquity's indicated dividend represents a yield of 7.55%, which is more than four times the average dividend yield for the Services sector of 1.88%. The Company has raised dividend for two years in a row.
Dividend Insights
DineEquity has a dividend payout ratio of 95.6%, which means that the Company spends approximately $0.96 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, DineEquity is forecasted to report earnings of $4.13 per share for the next year, which is substantially above the Company's annualized dividend of $3.88 per share.
As of September 30, 2017, DineEquity's cash and cash equivalents totaled $104.21 million compared to $140.54 million as on December 31, 2016. The Company's cash flows from operating activities were $31.0 million for the first nine months of fiscal 2017 compared to $62.1 million for the first nine months of fiscal 2016. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Developments for DineEquity
On November 16, 2017, IHOP® Restaurants announced the strategic expansion of its IHOP 'N GO® (to-go) platform, which includes a fully-integrated, online ordering system through IHOP.com.
The national rollout of the online ordering system builds on a limited test conducted earlier this year when the brand unveiled proprietary packaging specifically designed to protect the integrity of its signature Buttermilk pancakes and other popular all-day breakfast foods during carryout.
The enhanced to-go program affords guests the convenience of enjoying their favorite IHOP menu items on the go. IHOP spent close to a year perfecting its program before rolling it out in stages, working to ensure that the IHOP 'N GO® experience matched the in-restaurant hospitality the brand is known for.
IHOP also announced the delivery test launches with leading providers like Amazon and DoorDash; and the introduction of a mobile app by end of 2017.
About DineEquity
Based in Glendale, California, DineEquity, through its subsidiaries, franchises restaurants under both the Applebee's Neighborhood Grill & Bar and IHOP brands. With more than 3,700 restaurants combined in 19 countries and approximately 400 franchisees, DineEquity is one of the largest full-service restaurant companies in the world.
Stock Performance Snapshot
December 13, 2017 - At Wednesday's closing bell, DineEquity's stock advanced 2.13%, ending the trading session at $51.80.
Volume traded for the day: 201.58 thousand shares.
Stock performance in the last month – up 16.72%; previous three-month period – up 25.64%; and past six-month period – up 20.13%
After yesterday's close, DineEquity's market cap was at $927.74 million.
The stock has a dividend yield of 7.49%.
The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 0.2% at the end of the session.
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