Before the bell on Thursday, quick service pizza chain Domino’s Pizza, Inc. (DPZ) reported strong fourth quarter results, with both profit and revenue rising and beating analysts’ views. Because of these strong financials, the company announced that it has initiated and declared a quarterly dividend.
The Ann Arbor, Michigan-based company said its fourth quarter net income was $37.6 million, or 64 cents per share, up from $30.9 million, or 52 cents per share, in the year earlier period. According to analysts polled by Thomson Reuters, DPZ was expected to earn 60 cents per share in the quarter.
Total revenue for the quarter was $539.65 million versus revenue of $501.75 million in the prior year. This also topped the consensus analyst view of $532.55 million. Domestic same store sales in the fourth quarter grew 4.7% versus the year earlier, while international same store sales grew 5.2%.
Due to the company’s strong financial performance and consistent cash flow, it has initiated and declared a dividend to be paid to shareholders. The quarterly dividend will be 20 cents per share, making the annualized dividend payout 80 cents per share. The quarterly dividend will be paid on March 29 with an ex-dividend date of March 13.
Domino’s Pizza shares were inactive during pre-market trading on Thursday. The stock is up +41.05% over the past twelve months.
The Bottom Line
Shares of Domino’s Pizza (DPZ) will have a dividend yield of 1.71% based on last night’s closing price of $46.83 and the company’s annualized dividend payout of 80 cents per share.
Domino’s Pizza, Inc. (DPZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.