Darden (DRI) Says Not a Lot of Risk to Dividend Cut

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Darden Restaurants, Inc. (DRI) Declares $0.50 Quarterly Dividend; 4.3% Yield

December 20, 2012 7:02 AM EST

Darden Restaurants, Inc. (NYSE: DRI) declared a quarterly dividend of $0.50 per share, or $2 annualized.

The dividend will be payable on February 1, 2013, to stockholders of record on January 10, 2013, with an ex-dividend date of January 8, 2013.

The annual yield on the dividend is 4.3... More

UPDATE: Darden Restaurants, Inc. (DRI) Reports In-Line Q2 EPS

December 20, 2012 7:01 AM EST

(Updated - December 20, 2012 7:03 AM EST)

Darden Restaurants, Inc. (NYSE: DRI) reported Q2 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.95 billion.

Darden affirmed its financial outlook for fiscal 2013. The... More