Restaurant company DineEquity (NYSE:DIN) 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.
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