The Wendy’s Company (NASDAQ:WEN) Announces Quarterly Dividend of $0.07

The Wendy’s Company (NASDAQ:WEN) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.07 per share by the restaurant operator on Tuesday, December 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, December 1st.

Wendy’s has increased its dividend by an average of 0.2% annually over the last three years. Wendy’s has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wendy’s to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 58.3%.

Wendy’s Price Performance

Shares of WEN stock traded up $0.29 during trading hours on Thursday, hitting $7.94. The company had a trading volume of 12,069,191 shares, compared to its average volume of 10,958,167. Wendy’s has a 12 month low of $5.94 and a 12 month high of $10.12. The company has a debt-to-equity ratio of 27.95, a quick ratio of 1.88 and a current ratio of 1.90. The firm’s fifty day moving average is $6.97 and its 200 day moving average is $7.37. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.33 and a beta of 0.37.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, November 5th. The restaurant operator reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Wendy’s had a return on equity of 115.31% and a net margin of 5.72%. The business had revenue of $435.62 million during the quarter, compared to the consensus estimate of $531.28 million. During the same quarter last year, the company earned $0.24 EPS. Wendy’s’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts predict that Wendy’s will post 0.50 EPS for the current fiscal year.

About Wendy’s

The Wendy’s Company (NASDAQ: WEN) operates and franchises quick-service restaurants under the Wendy’s brand. Its restaurants are known for hamburgers made with fresh, never-frozen beef, along with chicken sandwiches, salads, fries, breakfast items, desserts, and beverages.

Founded by Dave Thomas in 1969, Wendy’s has grown into an international restaurant chain with locations primarily in the United States and Canada, as well as select markets in other countries. The company’s restaurant system includes both company-operated and franchised locations.

In addition to its restaurant operations, Wendy’s supports customers through digital ordering, delivery, loyalty programs, and mobile applications.