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DineEquity: A Small-Cap That Packs A Big (Dividend) Punch

Published Mon, 04 Sep 2017 14:53:53 -0400 on Seeking Alpha

DineEquity (DIN) is company in transition. With a new CEO at the helm and number valuable brands under its umbrella, the company is looking to change. Currently, we believe the stock looks cheap, and investors can enjoy the high dividend while they wait for the turnaround to take effect.
DineEquity Gears for the Future DineEquity recently announced that it was closing up to 160 Applebee’s (around 135) and IHOP (about 25) branches across the United States, more than doubling the number it had originally announced (60 branches) in the first quarter.
At the same time, DineEquity appointed a new CEO, Stephen Joyce, a former Hotel chain CEO, to replace Julia Stewart, who had been DineEquity’s CEO for the last decade prior to her resignation earlier in the year. In the interim, Chairman Richard Dahl had served as DineEquity’s CEO.
Investors should note that the net impact of the closures on DineEquity’s global branch portfolio will be around 35 locations - DineEquity has indicated that the company still intends to open anywhere from 80 to 95 new IHOP locations, mostly in the United States - which is actually above the 75 to 90 range it had originally announced. It also intends to bring Applebee’s to more locations overseas by opening between 20 to 30 branches worldwide.
Company in Transition: An Opportunity DineEquity has two key attractions for investors - the first is its sterling dividend yield, which in recent weeks had... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
DINEEQUITY 73.42   13.0 5.67 2.76 3.67