The Wendy’s Company (NASDAQ:WEN – Get Free Report) declared a quarterly dividend on Friday, May 8th. Investors of record on Monday, June 1st will be paid a dividend of 0.14 per share by the restaurant operator on Monday, June 15th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Monday, June 1st.
Wendy’s has increased its dividend by an average of 0.2%annually over the last three years. Wendy’s has a dividend payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wendy’s to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 88.9%.
Wendy’s Stock Performance
Shares of WEN stock opened at $7.70 on Friday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.54 and a beta of 0.35. The company’s 50 day moving average is $7.19 and its 200 day moving average is $7.75. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 29.25. Wendy’s has a 52-week low of $6.37 and a 52-week high of $12.51.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WEN. Morgan Stanley reiterated an “underweight” rating and issued a $7.00 target price on shares of Wendy’s in a research note on Monday, February 16th. Royal Bank Of Canada decreased their target price on shares of Wendy’s from $8.50 to $8.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 17th. Stifel Nicolaus set a $6.00 target price on shares of Wendy’s in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft set a $8.00 target price on shares of Wendy’s in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $6.00 target price (down from $7.00) on shares of Wendy’s in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.56.
View Our Latest Research Report on Wendy’s
Wendy’s Company Profile
The Wendy’s Company (NASDAQ:WEN) operates as a global quick-service restaurant chain, best known for its square-shaped beef patties, fresh ingredient sourcing and signature Frosty dessert. The company’s menu features a variety of hamburgers, chicken sandwiches, salads, breakfast sandwiches, sides and beverages, designed to appeal to a broad customer base seeking both classic and contemporary fast-food options. Wendy’s has placed particular emphasis on product innovation, introducing limited-time offerings and revamped core menu items to maintain customer interest and respond to evolving dining trends.
Founded in 1969 by entrepreneur Dave Thomas in Columbus, Ohio, Wendy’s expanded rapidly through both company-owned and franchised outlets.
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