The Wendy's Company (WEN) will this time hike its quarterly dividend by 40 percent to 7 cents per share. Earlier this year the dividend was cut by 58.3 percent to 5 cents per share because of the COVID-19 pandemic. Last year the hamburge company raised its quarterly dividend twice for a total of 41.2 percent. This dividend cut ends 10 consecutive years of dividend increases by Wendy's.

The next dividend of $0.07 per share is payable on December 15, 2020, to shareholders of record as of December 1, 2020. A new annual rate of 28 cents per share yields approximately 1.3% at a stock price of $22.24.

The Wendy's Company is quick-service hamburger company. Wendy's is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads with hand-chopped lettuce, and other signature items like chili, baked potatoes and the Frosty dessert. The Wendy's system includes franchise and company-operated restaurants in the United States and worldwide. Wendy's is also a partner in a Canadian restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc. (Tim Hortons and Burger King). Wendy's was founded in 1969 by Dave Thomas in Columbus, Ohio.