DineEquity (DIN) Raises Quarterly Dividend 4.5% to $0.92; Raises Common Buyback to $150M

DineEquity (NYSE: DIN) declared a quarterly dividend of $0.92 per share, or $3.68 annualized. This is a 4.5% increase from the prior dividend of $0.88.

The dividend will be payable on January 8, 2016, to stockholders of record on December 11, 2015, with an ex-dividend date of December 9, 2015.

The annual yield on the dividend is 4.1 percent.

The Board of Directors also approved an increase in the share repurchase authorization for the Company's common stock, effective immediately, to $150 million from the remaining previous authorization of approximately $63 million. The Company anticipates using the majority of its remaining free cash flow after dividend payments for share repurchases.

"The decision to raise the quarterly dividend and increase the share repurchase authorization reflects the confidence we have in our business model and long-term strategy. We believe that today's announcement reaffirms our commitment to return a significant portion of our strong and stable free cash flow to stockholders," said Julia A. Stewart, Chairman and Chief Executive Officer of DineEquity, Inc.

For a dividend history and other dividend-related data on DineEquity (DIN) click here.

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