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Dine Brands Global (DIN) will raise its quarterly dividend by 9.5 percent to $0.69 per share in the first quarter of 2019.

The next dividend will be payable on April 5, 2019 to the Company’s stockholders of record at the close of business on March 20, 2019. The new annual dividend rate of $2.76 yields 2.8% at the current stock price.

Dine Brands Global, Inc., formerly 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.