Darden Restaurants As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
DRI $4.40 197.3% N/A 17.3%
Business yield Hike yrs 5 yr CAGR freq. paid since
Full-Service Restaurants 3.0% 1 N/A Quarter 1995
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Darden Restaurants hikes dividend by 25%

Darden Restaurants (DRI) will raise its dividend by another 25 percent to $1.10 per share quarterly. This is the second increase announced in 2021 for a total of 197.3 percent. Last year Darden reinstated its quarterly dividend with a new payment of $0.30 per share in the fourth quarter of 2020. Earlier in 2020 the full-service restaurant company suspended its dividend after a 17.3 percent in 2019. 

The next dividend is payable on August 2, 2021 to shareholders of record at the close of business on July 9, 2021. The new annual dividend rate of $4.40 per share yields 3.1% at a stock price of $141 for Darden.

Darden Restaurants, Inc. is a full-service restaurant company with operations in the United States and Canada. Its brands include Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.  Darden Restaurants is a Florida corporation incorporated in March 1995. The company initiated a dividend in 1995 and temporarily suspended its payment in 2020 because of COVID-19. In the fourth quarter of 2020 the dividend was reinstated.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%