Published on 14 Mar 2024 on Simply Wall St. via Yahoo Finance

Should You Buy Dine Brands Global, Inc. (NYSE:DIN) For Its Upcoming Dividend?

It looks like Dine Brands Global, Inc. (NYSE:DIN) is about to go ex-dividend in the next four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Dine Brands Global's shares on or after the 19th of March, you won't be eligible to receive the dividend, when it is paid on the 5th of April.

The company's next dividend payment will be US$0.51 per share, on the back of last year when the company paid a total of US$2.04 to shareholders. Calculating the last year's worth of payments shows that Dine Brands Global has a trailing yield of 4.2% on the current share price of US$48.32. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

View our latest analysis for Dine Brands Global