Wingstop Inc. (WING) will increase its quarterly dividend by 21.4 percent in 2021. Last year WING also paid a special dividend of $5.00 per share and announced a 27.3 percent dividend hike to 14 cents per share, marking the 3rd consecutive year of dividend increases.

The next dividend of 17 cents per share will be paid on September 3, 2021 to stockholders of record as of August 13, 2021. The regular annual rate of 68 cents per share yields 0.4% at a stock price of $166.

Wingstop Inc. operates and franchises restaurants across the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, Colombia, and Panama. The Wing Experts’ menu features classic and boneless wings with distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. Wingstop’s wings are always cooked to order, hand-sauced and tossed and served with a variety of house-made sides including fresh-cut, seasoned fries. Wingstop was founded in 1994 and headquartered in Dallas, Texas. The company has been paying a dividend since 2017.