Restaurant chain operator DineEquitywill 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.
The article DineEquity Keeps Dividend at $0.75 originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.