Bloomin' Brands (BLMN) will raise its quarterly dividend by 11.1 percent to $0.10 per share in the first quarter of 2019. This follows a 12.5 percent dividend hike last year.

The next dividend will be paid on March 8, 2019 to all stockholders of record as of the close of business on February 25, 2019. A new annual dividend rate of 40 cents per share yields 1.9% at the current stock price.

Bloomin' Brands, Inc. operates casual dining restaurants. Its four brands are Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar. The company operates restaurants in the United States, Puerto Rico, Guam and 20 countries, some of which are franchise locations.