Domino’s Pizza, Inc. (NYSE:DPZ) declared a quarterly dividend on Wednesday, October 17th, Wall Street Journal reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.55 per share by the restaurant operator on Friday, December 28th. This represents a $2.20 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, December 13th.
Domino’s Pizza has raised its dividend payment by an average of 22.5% annually over the last three years and has increased its dividend every year for the last 4 years. Domino’s Pizza has a dividend payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Domino’s Pizza to earn $9.39 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 23.4%.
Shares of DPZ opened at $258.32 on Friday. The firm has a market capitalization of $11.08 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 1.84 and a beta of 0.41. Domino’s Pizza has a 1 year low of $177.24 and a 1 year high of $305.34.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.20. The company had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $789.10 million. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. Domino’s Pizza’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. Equities research analysts anticipate that Domino’s Pizza will post 8.44 earnings per share for the current fiscal year.
Several brokerages have issued reports on DPZ. Zacks Investment Research cut shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Wells Fargo & Co boosted their price objective on shares of Domino’s Pizza from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. UBS Group reissued a “hold” rating on shares of Domino’s Pizza in a research note on Wednesday, November 7th. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their price objective for the company from $305.00 to $310.00 in a research note on Wednesday, October 17th. Finally, Mizuho set a $300.00 price objective on shares of Domino’s Pizza and gave the company a “buy” rating in a research note on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Domino’s Pizza currently has an average rating of “Buy” and a consensus price target of $277.00.
In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 5,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the sale, the chief executive officer now directly owns 44,864 shares in the company, valued at approximately $12,530,963.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.97% of the stock is currently owned by insiders.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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