Darden Restaurants, Inc. (NYSE:DRI) Updates On Quarterly Dividend


As per Darden Restaurants, Inc. (NYSE:DRI) statement on 2016-06-30, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.56 per share as dividend to stakeholders. The record date is set as 2016-07-11, the payout date as 2016-08-01 and the ex-dividend date is 2016-07-07.

Last fiscal Darden Restaurants, Inc. (NYSE:DRI) disbursed cash dividend of $0.56. A year ago, the payout was $0.56, which indicates a difference of 287.1227%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.56, implying 46.0872% growth.

For the period ended on 2016-05-31, Darden Restaurants, Inc. (NYSE:DRI)’s earnings came at $1.1 per share compared to EPS of $0.68 a year ago. This quarter the firm can post earnings for quarter ending 2016-08-31 on or around 2016-09-27. For this quarter, the analysts have earnings estimate of $0.83 per share.

The interim price target for Darden Restaurants, Inc. (NYSE:DRI) is set at $69.428. This level is the mean price reached by averaging the stock views of 14 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Darden Restaurants, Inc. (NYSE:DRI) is seen at $80 and the lowest level is established at $53. This broad range highlights a standard deviation of $7.439 in reported estimates.

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