Showing posts with label Darden Restaurants. Show all posts
Showing posts with label Darden Restaurants. Show all posts

Tuesday, October 10, 2017

DRI Activist investors make Darden a Dividend Machine again

You hear a lot about activist investors.   Most recently with P&G and Nelson Peltz.   Darden Group which operates restaurants went through an activist investor intervention and it turned out well.  Let's look at DRI's fundamentals today.

DRI, Dividend Machine Fundamentals support why I am going to add DRI to the 2017 portfolio.

DRI was a Dividend Machine in 2011, 2012 and again in 2013.  Then DRI stalled.  Starboard Capital came in and did re-organization work.  They did a spin off of Four Corners Property Trust, symbol FCPT.   Once that occurred DRI resumed its revenue and dividend growth.   DRI meets all my criteria and I am going to add it today.   See the table below.






One of the weaknesses with DRI is the lack of call option activity.   This may change if revenue growth continues to be robust.  I would like calls but with a yield of 3.18% that is growing at an average rate of 4.85% per year, DRI is good enough for me at this time.

Personally, I bought DRI during the good years and I sold calls which eventually were exercised.  I will be adding DRI to my personal portfolio as well as add it to the 2017 model portfolio.

M* MoneyMadam

Disclosure:  Adding DRI today


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Monday, March 27, 2017

Darden, activist investor worked at DRI

Good news for this 2011, 2012 and 2013 Dividend Machine.  See the links below regarding Dividend Machines.


DRI snoozed for a while and now it is back.

lhttp://finance.yahoo.com/news/darden-restaurants-reports-fiscal-2017-201300834.html

Good job by the activist investors.  Now they are buying another chain and the market didn't like it today.  With a 2.92% dividend yield, DRI is enticing but we need to see significant dividend increases before we jump in again.

M* MoneyMadam

Disclosure No position


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Thursday, September 29, 2016

Darden Raises the Dividend

Darden Restaurants, symbol DRI, declared a quarterly dividend of $.56 per share payable on November 1, 2016 to shareholders on October 10.  DRI goes ex-dividend on October 6.



This dividend increase brings DRI back into focus.  With the spin off of Four Corners Property Trust, symbol FCPT, where DRI share holders received 1 share of FCPT for every 3 shares of DRI, total income this quarter would be $.56 from DRI and $.0808 from FCPT or $.64.  This represents an income increase of over 16% from one year ago before the spin off.

Good work Darden.  DRI was a Dividend Machine in 2011, 2012 and 2013.

http://www.themoneymadam.com/2011/11/dividend-machine-for-november-7-2011.html
http://www.themoneymadam.com/2012/09/eat-your-way-to-income-darden-dri.html
http://www.themoneymadam.com/2013/05/2013-dividend-stocks-for-your.html


M* MoneyMadam

Disclosure:  I have not personal position in either DRI or FCPT.  All three Dividend Machine portfolios must hold all positions by definition
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Sunday, November 15, 2015

News on DRI

Shareholders at Darden Restaurants receive their REIT slice http://seekingalpha.com/currents/post/2917106?source=ansh-d $DRI

Three of my model portfolios hold DRI and now FCPT (Four Corners Property Trust) the spin off referenced above.    2011, 2012 and 2013 portfolios have been updated to include the spin off and are presented below.







TheMoneyMadam
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