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

The Wendy’s Company (NASDAQ:WEN) declared a quarterly dividend on Friday, August 7th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.07 per share by the restaurant operator on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a 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 payout ratio of 53.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wendy’s to earn $0.62 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 90.3%.

Wendy’s Trading Up 4.1%

NASDAQ WEN traded up $0.30 during trading on Friday, hitting $7.69. The stock had a trading volume of 18,259,977 shares, compared to its average volume of 12,332,418. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 29.25. The company has a market capitalization of $1.46 billion, a PE ratio of 9.86, a PEG ratio of 0.58 and a beta of 0.37. The firm has a 50 day moving average price of $7.41 and a 200 day moving average price of $7.41. Wendy’s has a twelve month low of $6.07 and a twelve month high of $10.84.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings results on Friday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Wendy’s had a net margin of 6.77% and a return on equity of 136.46%. The business had revenue of $570.57 million for the quarter, compared to analysts’ expectations of $557.13 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts forecast that Wendy’s will post 0.57 earnings per share for the current year.

About Wendy’s

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.