Dividend Growth of Darden Restaurants, Inc.(DRI)

Darden Restaurants(DRI) is having a Dividend Yield of 2.96% with the Annual cash Dividend per share of $2.1. The last quarter cash dividend per share pay out was $0.56. Darden Restaurants has a 5 year average dividend yield of 3.77% and the stock has a Indicated annual dividend of $2.24. Darden Restaurants(DRI) formally announced its most recent dividend on December 15, 2016 with a Dividend per share of $0.56. The new indicated annual dividend based on announced dividend per share is $2.24. The dividend yield based on the forward looking indicated annual dividend is 2.96%. Darden Restaurants(DRI) has the most recent dividend payout ratio of 0.58 with a 5-year average payout ratio of 0.74. The 5 year historical dividend growth of Darden Restaurants(DRI) is at the rate of 3.49% while the R-Squared dividend growth is 0.4. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Darden Restaurants, Inc. (NYSE:DRI) rose 0.08% or 0.06 points on Thursday and made its way into the gainers of the day. After trading began at $75.99 the stock was seen hitting $76.3 as a peak level and $75.44 as the lowest level. The stock ended up at $75.8. The daily volume was measured at 658,407 shares. The 52-week high of the share price is $79.43 and the 52-week low is $58.66. The company has a market cap of $9,412 million. Shares of Darden Restaurants, Inc. rose by 0.97% in the last five trading days and 3.61% for the last 4 weeks. Darden Restaurants, Inc. is up 4.55% in the last 3-month period. Year-to-Date the stock performance stands at 5.05%.

Currently the company Insiders own 0.68% of Darden Restaurants, Inc. shares according to the proxy statements. Institutional Investors own 87.64% of Darden Restaurants, Inc. shares. Company has reported several Insider transactions to the SEC, on Oct 12, 2016, Danielle L. Kirgan (SVP, CHRO) sold 36,907 shares at 62.47 per share price.On Jul 11, 2016, James P Fogarty (director) purchased 3,000 shares at 61.70 per share price.On Apr 20, 2016, Alan N Stillman (director) sold 2,000 shares at 65.30 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Darden Restaurants was Upgraded by Argus to Buy on Jan 5, 2017. Darden Restaurants was Upgraded by Guggenheim to Buy on Dec 1, 2016. Darden Restaurants was Downgraded by Credit Suisse to Neutral on Nov 29, 2016.

Darden Restaurants Last issued its quarterly earnings results on Dec 20, 2016. The company reported $0.64 EPS for the quarter. Analyst had a consensus estimate of $0.64. The company had revenue of $1642.50 million for the quarter, compared to analysts expectations of $1648.60 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Darden Restaurants, Inc. is the worlds largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden through its subsidiaries, engages in the ownership and operation of casual dining restaurants in the United States and Canada.


Share this post

Post Comment