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DineEquity Inc (DIN) will raise its quarterly dividend to $0.97 per share. The new dividend will be payable on January 6, 2017 to the company's stockholders of record at the close of business on December 16, 2016.

The parent company of Applebee’s currently has a 5% dividend yield at a $78.19 stock price.

DineEquity, Inc., through its subsidiaries, owns and franchises the Applebee's Neighborhood Grill & Bar (Applebee's) concept in the bar and grill segment within the casual dining category of the restaurant industry. The company owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.