Dividend Growth of Sonic Corp.(SONC)

Sonic Corp.(SONC) is having a Dividend Yield of 2.11% with the Annual cash Dividend per share of $0.44. The last quarter cash dividend per share pay out was $0.14. Sonic Corp. has a 5 year average dividend yield of 0.63% and the stock has a Indicated annual dividend of $0.56. Sonic Corp.(SONC) formally announced its most recent dividend on January 19, 2017 with a Dividend per share of $0.14. The new indicated annual dividend based on announced dividend per share is $0.56. The dividend yield based on the forward looking indicated annual dividend is 2.11%. Sonic Corp.(SONC) has the most recent dividend payout ratio of 0.43 with a 5-year average payout ratio of 0.17. The Ex-Dividend amount last paid was $0.14 on February 6, 2017. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.26.

Sonic Corp. (NASDAQ:SONC) witnessed a decline in the market cap on Thursday as its shares dropped 0.87% or 0.23 points. After the session commenced at $26.52, the stock reached the higher end at $26.72 while it hit a low of $26.05. With the volume soaring to 766,645 shares, the last trade was called at $26.29. The company has a 52-week high of $36.34. The company has a market cap of $1,155 million and there are 43,934,660 shares in outstanding. The 52-week low of the share price is $21.12. Shares of Sonic Corp. rose by 1.04% in the last five trading days and 3.59% for the last 4 weeks. Sonic Corp. has dropped 1.58% during the last 3-month period . Year-to-Date the stock performance stands at -0.28%.

Currently the company Insiders own 6.24% of Sonic Corp. shares according to the proxy statements. Institutional Investors own 96.33% of Sonic Corp. shares. Company has reported several Insider transactions to the SEC, on Jan 12, 2017, Frank E Iii Richardson (director) sold 4,685 shares at 27.57 per share price.On Jan 12, 2017, Harold A Ceron (Senior VP of subsidiary) sold 3,112 shares at 27.02 per share price.On Jun 1, 2016, Craig Jeffrey Miller (Former Officer of Subsidiary) sold 25,394 shares at 30.00 per share price.

Sonic Corporation Last issued its quarterly earnings results on Jan 4, 2017. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.21. The company had revenue of $129.55 million for the quarter, compared to analysts expectations of $130.79 million. The companys revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Sonic Corp. operates and franchises one of the largest chain of drive-in restaurants in the United States. Sonic restaurants offer made-to-order hamburgers and other sandwiches and feature Sonic signature items, such as footlong coney cheese dogs, hand-battered onion rings, tater tots, specialty soft drinks, including cherry limeades and slushes, and frozen desserts. At a typical Sonic restaurant, a customer drives into one of 24 to 36 covered drive-in spaces, orders through an intercom, and has the food delivered by a carhop within an average of four minutes.


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