Dine Brands Global, Inc. Announces Second Quarter 2024 Dividend

Rhea-AI Summary

Dine Brands Global (NYSE: DIN) has announced a quarterly cash dividend of $0.51 per share of common stock for the second quarter of 2024.

The dividend will be payable on July 5, 2024, to stockholders of record as of June 20, 2024.

Positive

• Dine Brands Global announced a quarterly cash dividend of $0.51 per share for Q2 2024.
• The dividend will be paid on July 5, 2024, to stockholders of record as of June 20, 2024.
• Consistent dividend payouts may indicate financial stability to investors.

Negative

• The announcement did not include any information about changes in revenue, earnings, or overall financial performance.
• No forward-looking guidance or updates on business operations were provided.

PASADENA, Calif.--(BUSINESS WIRE)-- Dine Brands Global, Inc. (NYSE:DIN), the parent company of Applebee's Neighborhood Grill + Bar®, IHOP® and Fuzzy’s Taco Shop® restaurants, today announced that its Board of Directors declared a quarterly cash dividend of $0.51 per share of common stock. The dividend will be payable on July 5, 2024, to the Company’s stockholders of record at the close of business on June 20, 2024.

About Dine Brands Global, Inc.

Based in Pasadena, California, Dine Brands Global, Inc. (NYSE:DIN), through its subsidiaries and franchisees, supports and operates restaurants under the Applebee's Neighborhood Grill + Bar®, IHOP®, and Fuzzy’s Taco Shop® brands. As of March 31, 2024, these three brands consisted of close to 3,600 restaurants across 18 international markets. Dine Brands is one of the largest full-service restaurant companies in the world and in 2022 expanded into the Fast Casual segment. For more information on Dine Brands, visit the Company’s website located at www.dinebrands.com.

Forward-Looking Statements

Statements contained in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” “goal” and other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those expressed or implied in such statements. These factors include, but are not limited to: general economic conditions, including the impact of inflation, particularly as it may impact our franchisees directly; our level of indebtedness; compliance with the terms of our securitized debt; our ability to refinance our current indebtedness or obtain additional financing; our dependence on information technology; potential cyber incidents; the implementation of restaurant development plans; our dependence on our franchisees; the concentration of our Applebee’s franchised restaurants in a limited number of franchisees; the financial health of our franchisees; our franchisees’ and other licensees’ compliance with our quality standards and trademark usage; general risks associated with the restaurant industry; potential harm to our brands’ reputation; possible future impairment charges; the effects of tax reform; trading volatility and fluctuations in the price of our stock; our ability to achieve the financial guidance we provide to investors; successful implementation of our business strategy; the availability of suitable locations for new restaurants; shortages or interruptions in the supply or delivery of products from third parties or availability of utilities; the management and forecasting of appropriate inventory levels; development and implementation of innovative marketing and use of social media; changing health or dietary preference of consumers; risks associated with doing business in international markets; the results of litigation and other legal proceedings; third-party claims with respect to intellectual property assets; our ability to attract and retain management and other key employees; compliance with federal, state and local governmental regulations; risks associated with our self-insurance; natural disasters, pandemics, epidemics, or other serious incidents; our success with development initiatives outside of our core business; the adequacy of our internal controls over financial reporting and future changes in accounting standards; and other factors discussed from time to time in the Corporation’s Annual and Quarterly Reports on Forms 10-K and 10-Q and in the Corporation’s other filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation does not intend to, nor does it assume any obligation to, update or supplement any forward-looking statements after the date hereof to reflect actual results or future events or circumstances.

FBN-R

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514212112/en/

Investor Contact

Matt Lee

Sr. Vice President, Finance and Investor Relations

Dine Brands Global, Inc.

IR@dinebrands.com

Media Contact

Susan Nelson

Sr. Vice President, Global Communications

Dine Brands Global, Inc.

Susan.Nelson@dinebrands.com

Source: Dine Brands Global, Inc.

FAQ

What is the quarterly dividend declared by Dine Brands Global for Q2 2024?

Dine Brands Global declared a quarterly cash dividend of $0.51 per share for Q2 2024.

When will Dine Brands Global pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 5, 2024.

What is the record date for Dine Brands Global's Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 20, 2024.

What is the dividend amount for Dine Brands Global stock for Q2 2024?

The dividend amount is $0.51 per share for Q2 2024.