- Wendy's (NYSE:WEN) declares $0.10/share quarterly dividend, 17.6% increase from prior dividend of $0.085.
- Forward yield 2.23%
- Payable March 15; for shareholders of record March 1; ex-div Feb. 28.
The Wendy's Company (NASDAQ: WEN) announced today that its
Board of Directors has authorized an 18 percent increase in the quarterly cash
dividend rate from 8.5 cents to 10 cents per share. The increase will be effective with the next
quarterly dividend payment, which is payable on March 15, 2019, to shareholders
of record as of March 1, 2019. The approximate number of common shares
outstanding as of February 13, 2019 was 230.1 million.
"We are pleased to announce an 18 percent increase in
our quarterly dividend," said President and Chief Executive Officer Todd
Penegor. "Returning cash to
shareholders remains a key priority for us. This is the seventh consecutive
year that we have increased our dividend, which is a testament to the strong
cash flow generation from our resilient and predictable business model."
For more information, visit www.wendys.com
According to the list of U.S. Dividend Champions, Wendy's
Company is a Dividend Challengers. WEN has a 9-year dividend raising streak.
Dividend
Growth Rates
|
|||
DGR
|
DGR
|
DGR
|
DGR
|
1-yr
|
3-yr
|
5-yr
|
10-yr
|
21.4
|
14.8
|
13.6
|
2.9
|
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