Dunkin’ Brands Group Inc. (DNKN) will reinstate its quarterly dividend in the third quarter of 2020. In the previous quarter the ranchisor of quick service restaurants suspended its quarterly dividend because of the COVID-19 pandemic.

In a press release dated July 30, 2020 the company announces the cash dividend for the third quarter, without further comment on the decision. The next dividend of $0.4025 per share of common stock is payable on September 9, 2020, to shareholders of record as of the close of business on September 1, 2020. The annual dividend rate of $1.61 per share yields 2.2% at a stock price of $74.

This February Dunkin' Brands raised its quarterly dividend by 7.3 percent to $0.4025 per share, marking 8 consecutive year of dividend increases. This record will no be lost because of the suspension in the previous quarter.

If Dunkin' Brands pays the 40.25 cents quarterly dividend in each of the next four quarters the annual dividend payment is approximately $132 million. The company's stock price has rebounded strongly from the March 19 low of $38.51.

Dunkin' Brands Group, Inc. is a franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. The Company franchises restaurants in the United States and international under its Dunkin' Donuts and Baskin-Robbins brands. Dunkin' Brands Group, Inc., headquartered in Canton, Mass., became a public company in 2011. The company had paid a dividend every year to shareholders since 2012 before the suspension in 2020 related to the COVID-19 pandemic.