Restaurant chain operator DineEquity(NYSE:DIN) will pay a second-quarter dividend of $0.75 per share, the same rate it paid last quarter after it reinstated its dividend, the company announced yesterday.
The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. The owner of Applebee's and IHOP had paid a dividend quarterly of $0.25 per share from 2003 to 2008 when it suspended the dividend. The payout was reinstated beginning with the first quarter of 2013.
The regular dividend payment equates to a $3.00-per-share annual dividend yielding 4.1% based on the closing price of DineEquity's stock on May 14.