Dine Brands Global (DIN) will suspend its quarterly dividend in 2020 because of the COVID-19 pandemic. Earlier this year the company raised its quarterly dividend by 10.1 percent to $0.96 per share, marking the second consecutive year of dividend increases by the Applebee's owner.

Dine Brands reported first quarter 2020 results on April 29, 2020. In its press release the company also announced the temporarily suspension of its quarterly cash dividend due to the COVID-19 crisis. On April 16, 2020, the company announced that it had terminated all outstanding orders for repurchases of its common stock in the open market.

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. Dine Brands Global had been paying a dividend to shareholders every year since 2013 before the 2020 suspension was announced.