The Wendy's Company (WEN) will raise its quarterly dividend by 28.6 percent $0.09 per share quarterly in the first quarter of 2021. Last year the dividend was cut by 58.3 percent to 5 cents per share by Wendy's because of the COVID-19 pandemic. This dividend cut ended 10 consecutive years of dividend increases by the restaurant operator.

The next dividend of $0.09 per share is payable on March 15, 2021, to shareholders of record as of March 5, 2021. A new annual rate of 36 cents per share yields approximately 1.6% to Wendy's shareholders. The ex-dividend date for the next WEN dividend is March 4, 2021.

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.