46.40 +0.38 (0.83%)
After hours: 7:49PM EDT
|Bid||45.53 x 800|
|Ask||46.47 x 900|
|Day's Range||45.00 - 51.15|
|52 Week Range||26.15 - 128.41|
|Beta (5Y Monthly)||0.52|
|PE Ratio (TTM)||8.98|
|Earnings Date||Jun 17, 2020 - Jun 21, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 08, 2020|
|1y Target Est||70.73|
Most investors buy dividend stocks for the consistent income they generate. Whether we're talking about Achievers, Aristocrats or Kings, or just plain ol' dividend payers, their income provides certainty in an uncertain world.That is, of course, until the dividend cuts and suspensions start rolling in.The global COVID-19 coronavirus pandemic has thrown a wrench into corporate dividend programs as companies of all sizes scramble to raise cash and fortify their finances. As the coronavirus has gained momentum here in the U.S., dividend investors have become concerned about the sustainability of their regular income payments - and rightly so.Inevitably, just like the Great Recession of 2008, companies one by one have begun suspending or cutting their dividends as part of their plan to fight the negative effects of this pandemic on their businesses.Here are 15 dividend stocks that have recently announced dividend cuts or suspensions, and what they plan to do to keep operations running until they get through to the other side. As you'll soon see, some industries have been more swiftly and severely impacted than others. SEE ALSO: 25 Dividend Stocks the Analysts Love the Most
Cheesecake Factory isn’t paying rent as restaurants struggle with sales declines due to the coronavirus pandemic.
Clorox, Darden Restaurants, Intel, Boeing and JPMorgan Chase highlighted as Zacks Bull and Bear of the Day
Battered U.S. stock markets received some relief on March 24, as share prices nationally and locally climbed based on news of the U.S. Congress nearing a deal on a $2 trillion economic stimulus bill. All of the region’s publicly traded companies saw gains on March 24. For example, Orlando-based Darden Restaurants Inc. (NYSE: DRI) saw the greatest gain.
Moody's Investors Service, ("Moody's") today downgraded all ratings of Darden Restaurants, Inc. ("Darden") including its senior unsecured ratings to Baa3 from Baa2 and short-term commercial paper rating to P-3 from P-2. The ratings outlook is negative.
Olive Garden says sales have dropped sharply due to coronavirus but analysts are upbeat due to the company’s liquidity and to-go plans.
Wingstop Inc. said Saturday that it will offer guests free delivery for the next three weeks. Guests can order online and have the option for contactless delivery. Restaurants across fast-food and dine-in chains, including McDonald's Corp. and Olive Garden parent Darden Restaurants Inc. , have made the shift to take out in response to government mandates and coronavirus-related best practices. Grubhub Inc. and other third-party delivery services have also added the option for contactless delivery. Wingstop stock has slumped 22.5% over the last year while the S&P 500 index is down 19.3%.
One of the biggest stories of last week was how Darden Restaurants, Inc. (NYSE:DRI) shares plunged 40% in the week...
Futures on all three major U.S. stock indexes are higher, but options and futures on stocks and stock indexes expire today. That could make the market more turbulent.
The company is in talks with leaders in Washington, D.C., to see if it can use government relief money to keep those employees paid during this time.
Shares of Darden Restaurants (NYSE:DRI) surged over 16% after the company reported Q3 results.Quarterly Results Earnings per share rose 5.56% year over year to $1.90, which beat the estimate of $1.88.Revenue of $2,347,000,000 higher by 4.45% from the same period last year, which beat the estimate of $2,320,000,000.Outlook Q4 EPS expected to be between $6.30 and $6.40.Q4 revenue expected to be between $8,961,000,000 and $9,047,000,000.How To Listen To The Conference Call Date: Mar 19, 2020View more earnings on DRITime: 01:00 AM ETWebcast URL: https://www.webcaster4.com/Webcast/Page/1007/33263Technicals 52-week high: $128.4152-week low: $26.15Price action over last quarter: down 67.50%Company Overview Darden is one of the largest players in the $185 billion U.S. casual dining industry. Olive Garden (867 units), LongHorn (518), and Cheddar's Scratch Kitchen (166 company-owned and 10 franchise units) are its core brands, while the smaller, faster-growing specialty restaurant group is made up of Yard House (79), The Capital Grille (59), Seasons 52 (45), Bahama Breeze (42), and Eddie V's (23). In November 2015, the company spun off selected real estate and restaurant assets into Four Corners Property Trust.See more from Benzinga * Darden Restaurants Q3 Earnings Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The S&P 500 was on course to sink close to three-year lows at open on Thursday, as another round of sweeping emergency action from policymakers across the globe failed to convince panic-stricken stock markets that a global recession could be averted. American Airlines secured another $1 billion in bank credit to help its fight against the crisis, but still saw its shares fall another 4% in response. Hotel operator Marriott International Inc and Darden Restaurants both dropped more than 10% in premarket after pulling their 2020 financial outlook.
Darden Restaurants (DRI) delivered earnings and revenue surprises of 1.06% and 1.04%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
Investors hoping for a bounce—no matter how small—don’t look to be in luck for Thursday’s open despite the European Central Bank announcing a €750 billion bond-buying program to support the region.
Darden Restaurants Inc. stock rose 5% in Thursday premarket trading after the Olive Garden parent reported fiscal third-quarter earnings that beat expectations. Net income totaled $232.3 million, or $1.89 per share, up from $223.6 million, or $1.79 per share, last year. Sales of $2.35 billion were up from $2.25 billion. The FactSet consensus was for EPS of $1.88 and sales of $2.32 billion. Same-restaurant sales were up 2.3%, with Olive Garden up 2.1%, Longhorn Steakhouse up 3.9% and The Capital Grille up 4.2%. The FactSet consensus for overall same-restaurant sales growth was for 1.3% growth. Darden has suspended its dividend due to the dine-in seating restrictions imposed by the coronavirus outbreak, and the company is withdrawing its fiscal 2020 outlook. Darden has also drawn upon its full $750 million credit facility and has $1 billion cash on hand. For the fourth quarter to March 15, same-restaurant sales fell 5.9%, up 3.0% the first week, down 0.2% the second and plummeting 20.6% for the third. The company has an emergency pay and paid sick eave policy for workers. Darden stock is down 69.1% over the past year while the S&P 500 index has lost 15.3% for the period.
Darden said current quarter sales were down nearly 6% from last year as municipal lockdowns and shelter-in-place orders hammer the restaurant sector.
Darden Restaurants, Inc., (NYSE: DRI) today reported its financial results for the third quarter ended February 23, 2020.