Dine Brands Global, Inc. Announces Third Quarter 2024 Dividend
05 Settembre 2024 - 2:00PM
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 October 8, 2024, to the Company’s
stockholders of record at the close of business on September 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 June 30, 2024,
these three brands consisted of close to 3,600 restaurants across
18 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; 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; possible future impairment charges; the
effects of tax reform; 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; 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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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
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