Showing posts with label Four Corners Property Trust. Show all posts
Showing posts with label Four Corners Property Trust. Show all posts

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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