The Wendy’s Company (WEN) to Distribute Quarterly Dividend of $0.07 on September 15th

The Wendy’s Company (NASDAQ:WEN) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.07 per share by the restaurant operator on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

Wendy’s has increased its dividend payment by an average of 0.2%per year over the last three years. Wendy’s has a dividend payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wendy’s to earn $0.61 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 45.9%.

Wendy’s Price Performance

Shares of NASDAQ WEN opened at $7.69 on Friday. Wendy’s has a twelve month low of $6.07 and a twelve month high of $10.84. The firm has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.41. The company has a market capitalization of $1.46 billion, a PE ratio of 11.65, a P/E/G ratio of 0.56 and a beta of 0.37. 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 (NASDAQ:WEN) last released its earnings results on Friday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $570.57 million for the quarter, compared to analyst estimates of $557.13 million. Wendy’s had a net margin of 6.77% and a return on equity of 136.46%. Wendy’s’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, sell-side analysts forecast that Wendy’s will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

WEN has been the topic of several research analyst reports. Argus upgraded Wendy’s from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, May 13th. Stephens reissued an “equal weight” rating and issued a $8.00 price target on shares of Wendy’s in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Wendy’s from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Stifel Nicolaus set a $6.00 price objective on shares of Wendy’s in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reiterated 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. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $7.78.

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.