Wendy’s board recently doubled the company’s quarterly dividend and approved a new $500 million share-repurchase authorization
Wendy’s new capital allocation strategy leaves room for upside, and could reduce the fast food restaurant chain’s debt, say analysts.
On Friday Wendy’s Co. gave upbeat fourth-quarter guidance and its board doubled the company’s quarterly dividend to 25 cents a share. The board also approved a new $500 million share-repurchase authorization and announced an organizational restructuring. Stifel also raised its Wendy’s price target to $22 from $20 on Monday. “Historically, the company has returned more capital through share repurchases than dividends; however, the new capital plan has likely shifted that strategy,” wrote Stifel analyst Chris O’Cull.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
2023 Hyundai Tucson Updated Down Under With Bluelink Connected Car Tech | Carscoops2023 Hyundai Tucson Updated Down Under With Bluelink Connected Car Tech | Carscoops carscoops
Weiterlesen »
Dish launches $500 million bond offering to help fund buildout of wireless infrastructureDish Network Corp. said Tuesday it has launched an offering of $500 million of senior secured notes, with the proceeds earmarked for the financing of the...
Weiterlesen »
Extraordinary new deal makes the unlocked Moto G Stylus 5G (2022) cheaper than everDiscounted by as much as $200 several times before, the mid-range Moto G Stylus 5G (2022) is now marked down from $500 to $250 in an unlocked variant with no strings.
Weiterlesen »
China’s bid to leave covid behind could determine global economy’s fateThe pace of China’s reopening, following the lifting of its draconian zero-covid policy last month, will shape the global outlook for growth and inflation. Stock prices for U.S. companies that serve the Chinese market, such as casino operator Wynn Resorts, would benefit from a smooth rebound, as would American attractions that appeal to Chinese tourists.
Weiterlesen »
This AI expert has 90 days to find a job — or leave the U.S.Layoffs across the tech sector often leave immigrant workers with a narrow window to find a new job or be forced to leave the country. This is the story of an AI specialist who was laid off from Instagram.
Weiterlesen »
Teacher on leave after video shows student slammed against table, wallA Texas high school teacher is on administrative leave after a classroom scuffle with a student was caught on camera.
Weiterlesen »