Dunkin' Brands Announces Third Quarter Cash Dividend
Rhea-AI Summary
Dunkin' Brands Group, Inc. (Nasdaq: DNKN) has reinstated its dividend program, declaring a quarterly cash dividend of $0.4025 per share. This dividend is payable on September 9, 2020, to shareholders of record as of September 1, 2020. The announcement follows the company's robust performance despite the challenges posed by the pandemic. With over 21,000 points of distribution worldwide and a fully franchised model, Dunkin' is well-positioned in the quick-service restaurant sector.
Positive
- Reinstated quarterly cash dividend of $0.4025 per share.
- Strong franchise model with over 21,000 distribution points globally.
Negative
- None.
News Market Reaction – DNKN
In the trading session that priced this news, DNKN declined 4.23%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
CANTON, Mass., July 30, 2020 /PRNewswire/ -- Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins, today announced that its Board of Directors has reinstated its dividend program and declared a quarterly cash dividend to shareholders. The dividend of
About Dunkin' Brands Group, Inc.
With more than 21,000 points of distribution in more than 60 countries worldwide, Dunkin' Brands Group, Inc. (Nasdaq: DNKN) is one of the world's leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the second quarter of fiscal year 2020, Dunkin' Brands' 100 percent franchised business model included over 13,000 Dunkin' restaurants and approximately 8,000 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Mass.
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SOURCE Dunkin' Brands Group, Inc.