Restaurant company DineEquity has announced plans to keep its dividend steady this quarter at $0.75 per share of common stock. This is the same amount the company has paid its shareholders since March 2013, after upping the payout by $0.50, from $0.25 per share.
DineEquity's most recent quarterly dividend will be payable on Dec. 27 to stockholders of record as of Dec. 10. The company's payout comes to an annualized $3.00 per share. As of the market's close on Oct. 3, DineEquity's stock was trading at $67.11 per share, which means the company currently has a 4.4% dividend yield. DineEquity franchises and operates restaurants under the Applebee's Neighborhood Grill & Bar and IHOP brands.
The article DineEquity Keeping Quarterly Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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