Dine Brands Global, Inc. Announces Fourth Quarter 2021 Dividend and Intent to Resume Share Repurchases
October 29 2021 - 8:00AM
Business Wire
Dine Brands Global, Inc. (NYSE: DIN), the parent company of
Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today
announced that its Board of Directors declared and approved a cash
dividend of $0.40 per share of common stock for the fourth quarter
of 2021. The dividend will be payable on January 7, 2022 to the
Company's stockholders of record at the close of business on
December 20, 2021. The Company also announced it intends to resume
opportunistic repurchases of its common stock.
About Dine Brands Global, Inc.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE:
DIN), through its subsidiaries, franchises restaurants under both
the Applebee's Neighborhood Grill + Bar and IHOP brands. With
approximately 3,440 restaurants combined in 16 countries and
approximately 350 franchisees, Dine Brands is one of the largest
full-service restaurant companies in the world. For more
information on Dine Brands, visit the Company’s website located at
www.dinebrands.com.
Forward-Looking Statements
Statements contained in this press release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. You can identify these
forward-looking statements by words such as “may,” “will,” “would,”
“should,” “could,” “expect,” “anticipate,” “believe,” “estimate,”
“intend,” “plan,” “goal” and other similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors, which may cause actual results to be materially different
from those expressed or implied in such statements. These factors
include, but are not limited to: uncertainty regarding the duration
and severity of the ongoing COVID-19 pandemic and its ultimate
impact on the Company; the effectiveness of related containment
measures; general economic conditions; our level of indebtedness;
compliance with the terms of our securitized debt; our ability to
refinance our current indebtedness or obtain additional financing;
our dependence on information technology; potential cyber
incidents; the implementation of restaurant development plans; our
dependence on our franchisees; the concentration of our Applebee’s
franchised restaurants in a limited number of franchisees; the
financial health of our franchisees; our franchisees’ and other
licensees’ compliance with our quality standards and trademark
usage; general risks associated with the restaurant industry;
potential harm to our brands’ reputation; possible future
impairment charges; the effects of tax reform; trading volatility
and fluctuations in the price of our stock; our ability to achieve
the financial guidance we provide to investors; successful
implementation of our business strategy; the availability of
suitable locations for new restaurants; shortages or interruptions
in the supply or delivery of products from third parties or
availability of utilities; the management and forecasting of
appropriate inventory levels; development and implementation of
innovative marketing and use of social media; changing health or
dietary preference of consumers; risks associated with doing
business in international markets; the results of litigation and
other legal proceedings; third-party claims with respect to
intellectual property assets; our ability to attract and retain
management and other key employees; compliance with federal, state
and local governmental regulations; risks associated with our
self-insurance; natural disasters, pandemics, epidemics, or other
serious incidents; our success with development initiatives outside
of our core business; the adequacy of our internal controls over
financial reporting and future changes in accounting standards; and
other factors discussed from time to time in the Corporation’s
Annual and Quarterly Reports on Forms 10-K and 10-Q and in the
Corporation’s other filings with the Securities and Exchange
Commission. The forward-looking statements contained in this press
release are made as of the date hereof and the Corporation does not
intend to, nor does it assume any obligation to, update or
supplement any forward-looking statements after the date hereof to
reflect actual results or future events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20211029005048/en/
Investor Contact Ken Diptee
Executive Director, Investor Relations Dine Brands Global, Inc.
818-637-3632 Ken.Diptee@dinebrands.com
Media Contact Susan Nelson
Vice President, Global Communications and Public Affairs Dine
Brands Global, Inc. Susan.Nelson@dinebrands.com
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