The Wendy’s Company (NASDAQ:WEN) Announces Quarterly Dividend of $0.14

The Wendy’s Company (NASDAQ:WEN) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Monday, December 1st will be given a dividend of 0.14 per share by the restaurant operator on Monday, December 15th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, December 1st.

Wendy’s has raised its dividend by an average of 0.2%annually over the last three years. Wendy’s has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wendy’s to earn $1.12 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 50.0%.

Wendy’s Stock Up 1.6%

WEN opened at $8.97 on Friday. Wendy’s has a one year low of $8.39 and a one year high of $19.97. The company has a debt-to-equity ratio of 28.74, a quick ratio of 1.43 and a current ratio of 1.45. The stock has a market capitalization of $1.71 billion, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The business’s 50-day simple moving average is $9.27 and its 200-day simple moving average is $10.58.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Friday, November 7th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Wendy’s had a return on equity of 103.07% and a net margin of 8.63%.The firm had revenue of $442.50 million for the quarter, compared to the consensus estimate of $535.75 million. During the same quarter last year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Wendy’s has set its FY 2025 guidance at 0.820-0.890 EPS. Analysts anticipate that Wendy’s will post 0.99 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WEN. Teacher Retirement System of Texas grew its holdings in Wendy’s by 7.1% during the 1st quarter. Teacher Retirement System of Texas now owns 29,823 shares of the restaurant operator’s stock valued at $436,000 after buying an additional 1,974 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Wendy’s by 5.9% during the first quarter. Bank of New York Mellon Corp now owns 2,577,359 shares of the restaurant operator’s stock valued at $37,707,000 after acquiring an additional 142,500 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Wendy’s during the 1st quarter worth about $399,000. M&T Bank Corp raised its stake in Wendy’s by 49.1% in the 1st quarter. M&T Bank Corp now owns 15,677 shares of the restaurant operator’s stock valued at $229,000 after purchasing an additional 5,163 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Wendy’s by 22.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 7,223 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 1,303 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It operates through the following segments: Wendy’s U.S., Wendy’s International, and Global Real Estate and Development. The Wendy’s U.S. segment includes the operation and franchising of Wendy’s restaurants in the U.S.