Dine Brands Global, Inc. Announces Fourth Quarter 2024 Dividend
22 Noviembre 2024 - 7:00AM
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 January 7, 2025, to the Company’s
stockholders of record at the close of business on December 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 September 30,
2024, these three brands consisted of over 3,500 restaurants across
19 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 including any insolvency or bankruptcy;
credit risks from our IHOP franchisees operating under our previous
IHOP business model in which we built and equipped IHOP restaurants
and then franchised them to franchisees; insufficient insurance
coverage to cover potential risks associated with the ownership and
operation of restaurants; 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; risks of food-borne illness or food
tampering; possible future impairment charges; 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; delivery initiatives and use of
third-party delivery vendors; our allocation of human capital and
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
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version on businesswire.com: https://www.businesswire.com/news/home/20241122918939/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.
Mediainquiries@dinebrands.com
Dine Brands Global (NYSE:DIN)
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